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navik [9.2K]
3 years ago
15

Peggy offers to sell Shelby a purebred Scottish terrier puppy for $800. Shelby and Peggy do not discuss the dog's ancestry, but

Shelby believes that the dog came from champion lines and agrees to the price. Shelby later discovers that the puppy is worth only $200. Can Shelby rescind the contract based on her mistake? a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact. b. Yes, because Shelby had a duty to investigate. c. Probably so, because Shelby made a mistake about an immaterial fact. d. Yes, because the dog was clearly not worth $800.
Business
1 answer:
ladessa [460]3 years ago
6 0

Answer:

a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact.

Explanation:

Peggy made an offer to sell the dog for $800, they didn't discuss the dog's ancestry and Shelby wrongly assumed the dog was from champion lines and agreed to buy the dog for $800.

Based on further investigations, she discovered the dog was worth just $200.

She cannot rescind the contract because she wrongly assumed the dog's value not an error about à material fact. Peggy sold the dog at her own rates and Shelby bought the dog while wrongly assuming the value, so she cannot cancel the contract based on that.

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3 years ago
The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $39 dollars and has a unit var
ioda

Answer:

$36,020.40

Explanation:

The computation of cash balance is shown below:-

Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement

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Interest = X × 0.02

Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest

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X = $35,300 ÷ 0.98

= $36,020.40

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3 years ago
Define ATS and describe its use.. Why would large companies<br> use an ATS ?
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Answer:

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2 years ago
Assume a state has a criminal statute that punishes "every person who by himself or his employee or agent sells anything at shor
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Unencrypted information is
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likely to be stolen and abused.

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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.

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2 years ago
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