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
stellarik [79]
3 years ago
15

An auction house puts a painting up for sale, which they think to be Pablo Picasso's "Acrobat and Young Harlequin." A Japanese b

usinessman purchases the painting for $50 million. The businessman appraises the painting for insurance purposes and discovers that it is a clever fake that is worth only a few thousand dollars. Which of the following statements is true of the scenario?
A. The buyer cannot rescind because the auction house did not intentionally mislead him about the authenticity of the painting.
B. The buyer cannot rescind because he was negligent; he should have investigated the authenticity of the work before bidding on it.
C. The buyer can rescind on the basis of mutual mistake.
D. The buyer can rescind on the basis of unilateral mistake.
Business
2 answers:
Georgia [21]3 years ago
5 0

Answer:

C. The buyer can rescind on the basis of mutual mistake.

Explanation: A bilateral mistake, also referred to as a mutual or common mistake, such mistake occurs when both parties are misinformed about the facts. A mistake of fact can lead to a requirement of a voided contract. This is the contract Will be nullified

Zina [86]3 years ago
5 0

Answer:

B. The buyer cannot rescind because he was negligent; he should have investigated the authenticity of the work before bidding on it.

Explanation:

Here, I assume the mistake is of the Japanese Buyer who bought the painting by the bidding process as he was the one who has been bidding as high as the price of the painting went.

Even if the painting was fake, the buyer should have properly investigated further before going for such a big amount which no one forced him to.

Hope this helps.

Good luck and Cheers.

You might be interested in
A ____ is a gift to a retailer who purchases a specified quantity of merchandise
Setler79 [48]
Dealer loader is correct
4 0
3 years ago
Monetary Policy in Flosserland: In Flosserland, the Department of Finance is responsible for monetary policy. Flosserland has ha
evablogger [386]

Answer:

The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.

Explanation:

The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.

The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.

3 0
3 years ago
You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three​ su
katrin [286]

Answer:

the price per unit is $1.20

Explanation:

The computation of the price per unit for Thailand Polishing is shown below:

= 2,400 ÷ 200 polished disks

= 12 bhat/unit

Given that

$1 = 10

So, 12 baht it is

= 1 ÷ 10 × 12 baht

= $1.2

Hence, the price per unit is $1.20

The same should be considered

4 0
3 years ago
Which two questions are good questions to ask in an informational interview?
PtichkaEL [24]
When your doing an interview never ask how much money do you make that will make them think that your there just for the money and not the job
6 0
3 years ago
Read 2 more answers
Unencrypted information is
sergiy2304 [10]

Answer:

likely to be stolen and abused.

Explanation:

Uninterrupted information is a type of data that presented in a way that is understandably for most people (such as plain text).

When storing your information online with encrypted information, you make your data become easily  identified, viewed and accessed by hackers. To prevent this from happening, you need to mask the data using encryption algorithms. This will make it really hard for a third party to decrypt your information and prevent it from being stolen.

3 0
2 years ago
Other questions:
  • Helen, a manager for Marshall Manufacturing, spends much of her time reviewing the global, technological, socio-cultural, compet
    9·1 answer
  • EXCESS CAPACITY Williamson Industries has $7 billion in sales and $1.944 billion in fixed assets. Currently, the company’s fixed
    14·1 answer
  • What's the correct answer? I'll give brainliest
    8·2 answers
  • A store that sells a huge variety of one type of product such as books, in order to dominate that category is called a category
    14·1 answer
  • On January 1, 2016, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for
    9·1 answer
  • On January 1, 2020, Carter Company makes the two following acquisitions. 1. Purchases land having a fair value of $200,000 by is
    14·1 answer
  • On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the
    13·1 answer
  • Which of the following traits indicate that Stephanie is good at time management in her new management role?Stephanie's work spa
    6·1 answer
  • A short-run phillips curve shows an inverse relationship between
    13·1 answer
  • Frito-Lay has developed a new line of snack foods. The company wants to place the products in as many outlets as possible; groce
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!