Which one of the following mistakes voids a contract?

[Yolanda]

Question 1

What must a person establish in order to escape contractual obligations on the basis of insanity?

Question 2

Which one of the following mistakes voids a contract?
◦ Sam bought three gallons of paint, but found he had made a mistake; two would have been sufficient.
◦ Two parties contracted for a shipload of coal, but unknown to both parties, at the time of the contract the ship had sunk and the coal had been lost.
◦ When Mr. and Mrs. Houston put their property up for sale, Sam, without speaking to the Houstons or to their agent about the land, offered close to the asking price because he thought it was suitable for growing wheat. After his offer was accepted, he learned it was not suitable for wheat.
◦ Two parties contracted for the sale and purchase of a painting for the price of $800. When the contract was written up, the price was incorrectly stated as $900.
◦ Sally and Mary had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Sally.

[yeungji]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 39% of students answer this correctly

[Yolanda]

Thanks for the timely response, appreciate it

[bbburns21]

Gracias!