Fact Pattern 10-3

question 10

Multiple Choice

Fact Pattern 10-3
Nano Corporation offers to sell a robotic device to Opal Assembly,Inc. ,but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500.Opal accepts the written offer.
-Refer to Fact Pattern 10-3.Opal's best argument in favor of enforcement of the contract is that

• A)a bilateral mistake does not afford relief from a contract.
• B)a mistake of value does not afford relief from a contract.
• C)a unilateral mistake does not afford relief from a contract.
• D)the price was below the prices of comparable devices.

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Definitions:

Project Evaluation

Project evaluation involves assessing a project's viability and effectiveness in achieving its objectives, often considering factors like cost, time, and potential returns.

Single Source

The practice of obtaining a particular product, service, or component from a single supplier, making the supplier the exclusive provider.

Average Cost

The total cost of goods available for sale divided by the total units available for sale, determining the cost of inventory.

WACC

The Weighted Average Cost of Capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted. It represents the minimum return that a company must earn on its existing asset base to satisfy its creditors, owners, and other providers of capital.