Business
Business, 05.05.2020 01:38, elloemill

Lori attends her neighbor’s yard sale and finds a beautiful vase. She purchases the vase for $25.00. After purchasing the vase from her neighbors, she takes the vase to have it appraised. Lori finds out that the vase is actually worth $5000.00!! She is so excited for getting such a good deal. Lori tells her neighbor that the vase is actually worth $5000.00. The neighbor demands the vase back. Which one is true?

a. This is a bilateral mistake of fact as to the price and the contract should be re-negotiated for fairness.
b. This is a bilateral mistake of value for which the Courts generally do not intervene and the contract is upheld to the original terms.
c. This is a unilateral mistake of value and fact for which the Courts generally do not intervene unless the mistake is egregious.
d. This is a unilateral mistake of fact and Lori is responsible if the mistake is serious enough to warrant changing the price.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 17:10, IsabelAyshi
Show the changes to the t-accounts for the federal reserve and for commercial banks when the federal reserve buys $50 million in u. s. treasury bills. if the public holds a fixed amount of currency (so that all loans create an equal amount of deposits in the banking system), the minimum reserve ratio is 10%, and banks hold no excess reserves, by how much will deposits in the commercial banks change? by how much will the money supply change? show the final changes to the t-account for commercial banks when the money supply changes by this amount.
Answers: 3
image
Business, 21.06.2019 20:20, chantelljenkins2
If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.
Answers: 3
image
Business, 21.06.2019 23:00, stevend0599
What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000
Answers: 2
image
Business, 22.06.2019 11:20, greatsavagebeast
Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.
Answers: 3
Do you know the correct answer?
Lori attends her neighbor’s yard sale and finds a beautiful vase. She purchases the vase for $25.00....

Questions in other subjects:

Konu
Mathematics, 30.12.2019 20:31