1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snowcat [4.5K]
3 years ago
13

Harry owns a Cadillac and a Porsche. Ryan has always wanted a Porsche and knows Harry owns one. Harry decides to sell his Cadill

ac and buy a BMW. A mutual friend of Ryan and Harry tells Ryan, "Harry's selling his car." Thinking Harry is selling the Porsche (he does not know he also has a Cadillac), Ryan calls Harry and says, "I'll give you $9,500 for your car." Harry, thinking Ryan is talking about the Cadillac, says, "You've got a deal." On what grounds is the above agreement open for rescission
Business
1 answer:
seropon [69]3 years ago
6 0

Answer:

mutual mistake

Explanation:

A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.  

Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.

You might be interested in
Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods ag
Alina [70]

Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>

<u />

Explanation:

  • A certificate of insurance is a document used to provide information on specific insurance coverage.
  • The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
  • Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
  • The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
  • A certificate of insurance is requested when liability and large losses are a concern.
  • Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
5 0
4 years ago
An employee's decision to inform the press or government officials of his or her firm's unethi-cal practices is referred to as a
Tju [1.3M]

Answer: A) Whistle-blowing

Explanation: Reporting irregularities or whistleblowing is the term used when a person gives information regarding an illegal act, such as corruption, sexual harassment, among others. We can refer to this action with the name "report irregularities" or otherwise. The person usually has a close relationship with the organization, often it is an employee, but sometimes it can be a supplier or a customer. He becomes a whistleblower when he observes behaviors or actions that he considers to be improper, illegal behaviors and that do not respect the company´s code of conduct, and reports that suspicion as a matter of reporting irregularities.

7 0
3 years ago
Jo has 100 hits in softball. 5 hits are home runs. What % of her hits are home runs?
jolli1 [7]

the answer is 20% 100÷5=20

8 0
3 years ago
Which of the following observations of children is the most objective? A. Chris took a toy truck from Alex. Alex cried, became a
ch4aika [34]
It would be C. joan because it makes most since
5 0
3 years ago
Entrepreneurs affect the economic decisions a country makes by:
xeze [42]

Answer:

D. identifying new ways for people to fulfill their wants and needs

Explanation:

Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.

Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.

8 0
3 years ago
Other questions:
  • Each of the following factors affects the weighted average cost of capital (WACC) equation. Which of the following factors are o
    8·1 answer
  • Return on Investment, Margin, Turnover Ready Electronics is facing stiff competition from imported goods. Its operating income m
    8·1 answer
  • eBay question I know there are fees for eBay when you sell something but I don’t know exactly so I just wanted to ask if I were
    7·1 answer
  • Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly R
    5·2 answers
  • A new factory manager was hired for a company that was experiencing slow production rates and lower production volumes than dema
    13·1 answer
  • Which type of closing letter requests the employer to call you for an interview?
    14·1 answer
  • Common shareholders have a claim on the company's assets:
    6·1 answer
  • The following list of statements about corporations are given below.
    8·1 answer
  • Consider a specific example of the special-interest effect. In 2012, it was estimated that the total value of all corn-productio
    5·1 answer
  • All of the following are primary purchasers of treasury securities except:__________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!