Fact Pattern 10-3

question 66

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.Nano's best defense against enforcement of the contract is that Opal knew

• A)a bilateral mistake supports the cancellation of a contract.
• B)a mistake of value supports the cancellation of a contract.
• C)a unilateral mistake supports the cancellation of a contract.
• D)the price was below the prices of comparable devices.

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Definitions:

Multiple-Choice Questions

A form of assessment where respondents choose the correct answer from a list of possible options provided.

Essay Questions

Open-ended questions requiring written responses that demonstrate understanding and analysis.

Recall

pertains to the mental process of retrieving information from the past, whether recently experienced or long-term memories.

Encoding

The process of converting information into a form that can be stored in memory, involving attention and understanding.