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hammer [34]
3 years ago
13

Valerie promised to buy Nicole's car for $2,000. Nicole drew up the contract providing that the exchange would occur the next we

ek. Unfortunately, Nicole was not very good with the keyboard and typed in $1,200 as the price of the car. Valerie noticed that the contract said $1,200, not $2,000, and was very pleased. She signed it without saying anything. When it was time to make the exchange, Valerie gave Nicole $1,200. In response to Nicole's inquiry regarding the additional $800, Valerie pulled out the contract and showed her that it said $1,200. Nicole immediately responded that she had made a typographical error. Valerie said that there was no mistake on her part because she knew exactly what she was doing and that she thought that Nicole had decided to give her a deal on the car. Which of the following is Nicole's best argument for a rescission of the contract?A. That the mistake resulted from an accidental clerical error and that it would be unconscionable to enforce the contract.
B. That duress was involved because of Valerie's wrongful behavior.
C. That because a bilateral contract, as well as a unilateral mistake, was involved, most courts would grant relief.
D. That the mistake resulted from a sale of goods, as opposed to the provision of services, and that courts are more likely to grant relief for a mistake when actual physical work is not involved.
E. That a unilateral mistake was involved and that courts typically allow relief in situations involving unilateral mistakes as opposed to mutual mistakes.
Business
1 answer:
Nimfa-mama [501]3 years ago
8 0

Answer:

That the mistake resulted from an accidental clerical error and that it would be unconscionable to enforce the contract.

Explanation:

Nicole mistake is a clerical error.

An error is said to be clerical if it's a mistake that changes the meaning of a document after.

Typographical error and unintentional addition or removal of a word, phrase, or figure in the document can count as clerical error.

Mistakes like this should be readily rectified without objection by the court acting sua sponte, on its own, or on the motion of either party.

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Which of the following is a breach of journalistic ethics? A. allowing a corporation to control a story B. balancing the story t
aliya0001 [1]
B. Is the best answer for this question.
6 0
4 years ago
Neptune Company produces toys and other items for use in bthe following and resort areas. A small, inflatable toy has come onto
Sergeu [11.5K]

Break-even point (in dollar sales):

Determine the monthly break-even point for the new toy in dollar sales as shown below:

Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit

=50,115 units $2.60 each

= $130,299

Thus, the break-even point (in sales dollars) is $130, 299.

The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.

Learn more about the break-even point at

brainly.com/question/9212451

#SPJ4

8 0
2 years ago
Merchandise inventory is Select one: a. None of the above b. Reported under the classification of Property, Plant and Equipment
Elden [556K]

Answer:

d. Reported as a current asset on the balance sheet

Explanation:

Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.

Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.

6 0
4 years ago
New cuisine café files a suit in a state court against olive oil inc., alleging a breach of contract. the case proceeds to trial
7nadin3 [17]

Answer:

The answer is A copy of the record on appeal.

Explanation:

NC files a suit in state court against OV, alleging a breach of contract and renders the judgment. If the NC decided to appeal to a state appellate court attorney must file a copy of the record on appeal with prescribed period. Record on appeal contains two parts the legal file and the transcript. The record must be filled in the court within a time period of 90 days.

5 0
3 years ago
Annually, Monet Corp. awards each of its employees two weeks of paid vacation, which can be carried over if not used. As of Dece
Zina [86]

Answer:

$20,000

Explanation:

Calculation for the liability that should be reported for vacation pay

Using this formula

Liability=Vacation weeks*Compensation averaged per week for Year 1

Let plug in the formula

Liability=20 weeks × $1,000 per week

Liability = $20,000

Therefore the amount of liability that should be reported for vacation pay will be $20,000

5 0
3 years ago
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