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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. Ken, a teacher, sells Larry a parcel of land, claiming that it is "perfect" for commercial development. Larry later learns that it is not zoned for commercial uses. Larry may rescind the contract
only if Ken knew about the zoning law.
only if Larry did not know about the zoning law.
only if the zoning law was not common knowledge.
under no circumstances.
Â
2. Jughead Construction Company puts in a bid to build the new town library. Its bid is $1 million. The other bids range from $2 to $4 million, and the town's architect estimated to town officials that the library would cost about $3 million. The town accepts Jughead's bid offer. Jughead's best defense to any lawsuit for breach of contract under these circumstances would be:
Unilateral mistake
Fraud by the town for keeping the architect's estimate secret.
Bilateral mistake.
Unilateral palpable mistake.
Â
3. Adam persuades Beth to contract for his company's services by telling her that his employees are the "best and the brightest." Adam's statement is
duress.
fraud.
puffery or sales talk.
undue influence.
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4. Lee, a salesperson for Midsize Corporation, causes a car accident while on business. Lee and Midsize are liable to
all those who were injured.
only those who were uninsured.
only those whose injuries could have been reasonably foreseen.
only those with whom Lee was doing business.
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