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Author Question: Which of the following is true regarding parties who make mutual mistakes of law? A) The contract ... (Read 181 times)

itsmyluck

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on: Jun 24, 2018
Which of the following is true regarding parties who make mutual mistakes of law?
 A) The contract becomes null and nonbinding on the parties.
 B) One of the parties can annul the contract stating that it is a mistake of law.
 C) The parties are expected to have knowledge of the law when making the contract.
 D)Both parties can claim relief and compensation through a court of law.

Question 2

When ________ of the promisor's promise to pay the debt of another is to benefit the promisor, the statute of frauds is not applicable, and the oral promise to pay the debt is binding.
 A) part performance.
 B) an oral version.
 C) the main purpose.
 D) promissory estoppel.


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ryrychapman11

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

C


itsmyluck

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Reply #2 on: Jun 24, 2018
Correct answers!


ryrychapman11

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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