Fact Pattern 10-2

question 17

Multiple Choice

Fact Pattern 10-2
Moore Properties,Inc. ,offers in writing to sell to New Development Corporation (NDC) a certain half-acre of land for "$112,000." After New Development signs the offer in acceptance and returns it,Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 10-2.The effect of Moore's misstatement of the price will most likely fall on

• A)Moore and NDC,who must split the difference.
• B)Moore only.
• C)NDC only.
• D)neither Moore nor NDC.

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Definitions:

Deception

The act of misleading or deceiving someone to hide the truth.

Ethical Principles

Fundamental concepts or morals that guide behavior and decision-making based on notions of right and wrong.

Informed Consent

A process ensuring that a participant is fully aware of all aspects of a research project, including the risks and benefits, before agreeing to participate.

Respect For Privacy

The recognition and honoring of an individual's right to keep their personal information and life private and protected from unauthorized scrutiny.