Question
1. A classic example of -------------------- is the bank manager who assists the robbers in gaining entry to the bank vault because a) they have
1. | A classic example of -------------------- is the bank manager who assists the robbers in gaining entry to the bank vault because a) they have a gun to his head, or b) he reasonably believes they are holding his family hostage.: | A classic example of -------------------- is the bank manager who assists the robbers in gaining entry to the bank vault because a) they have a gun to his head, or b) he reasonably believes they are holding his family hostage. | |
2. | There was a contract to ship merchandise on a vessel named Peerless. However, the parties involved had a different understanding of each other. Each party was referring to a different vessel, and therefore, they did not agree when to ship the merchandise. In this case, both parties thought they were in consent until they realized were both misguided about each others different meaning is an example of ----------.: | There was a contract to ship merchandise on a vessel named Peerless. However, the parties involved had a different understanding of each other. Each party was referring to a different vessel, and therefore, they did not agree when to ship the merchandise. In this case, both parties thought they were in consent until they realized were both misguided about each others different meaning is an example of ----------. | |
3. | The equitable remedy of correcting mistakes made in the recording agreement and is only applicable in the case of written contracts.: | The equitable remedy of correcting mistakes made in the recording agreement and is only applicable in the case of written contracts. | |
4. | Auto dealers lie about the accident history of a used vehicle, and you sign a contract because you thought the car was never in an accident (but it was), then it might be considered as ----------------------.: | Auto dealers lie about the accident history of a used vehicle, and you sign a contract because you thought the car was never in an accident (but it was), then it might be considered as ----------------------. | |
5. | The duty of both the insurer and the policyholder to act honestly toward each other can be referred to as -------------.: | The duty of both the insurer and the policyholder to act honestly toward each other can be referred to as -------------. |
a.Duress |
b.rescission |
c.utmost good faith |
d.Mutual Mistake |
e.Fraudulent misrepresentation |
f.Rectification |
g.mistake of fact |
h.negligent misrepresentation |
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