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In which of the following instances would the court most likely hold the contract to be void on the ...

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In which of the following instances would the court most likely hold the contract to be void on the ...

In which of the following instances would the court most likely hold the contract to be void on the basis of a mistake?

▸ Two parties contracted for a shipload of fish, but unknown to both parties, at the time of the contract the ship had sunk and the fish had been lost.

▸ Sarah bought three rolls of wallpaper, but found she had made a mistake; two would have been sufficient.

▸ Carson and Leno had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Leno.

▸ Barry and Mary contracted for the sale and purchase of a boat for the price of $1200. When the contract was written up, the price was incorrectly stated as $1700.

▸ Although the seller said nothing to the buyer about the characteristics of the answering machine, the buyer bought it, thinking it would tell him the date and time of the call. Later, he learned that it did not perform that function.

Textbook

Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

Read 64 times

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