A shared mistake occurs when

	1.	both parties are mistaken but for different reasons
	2.	both parties are mistaken for the same reason.
	3.	both of the parties discuss, and share, the mistake with someone outside of the contract.
	4.	both parties agree the contract was a mistake - a bad idea - from the getgo.
	5.	one of the parties is mistaken.

Why are horizontal mergers more likely to affect competition than other types of mergers?

	1.	None of the above.
	2.	Horizontal mergers are the only type of merger and this is why they reduce competition.
	3.	Mergers actually increase competition. They create larger companies and larger companies mean bigger and more competition.
	4.	Mergers do not actually affect competition. The combined companies will have the same amount of competition independently or when combined together.
	5.	Horizontal mergers are more likely to affect competition than other types of merger as they are mergers between already competing firms and thus the number of competitors is effectively reduced when one such firm obtains control over another.

If a party isready, willing and able to perform under acontract, and such performance is refused or prevented by the otherparty, which of the following istrue?

	1.	The party attempting performance must persist when performance is prevented or refused.
	2.	Other than where a debt is owed, the performing party is taken to have completed its obligation under the contract.
	3.	The performing party is never taken to have completed its obligations under the contract.
	4.	In all instances, the performing party is taken to have completed its obligations under the contract
	5.	Does not need to keep trying to perform but is barred from suing for breach of contract because they did not perform and are therefore breaching as well - two breaches cancel each other out.

A licence given to another person by an owner to use her land is

	1.	is strictly an intersest in land.
	2.	none of the above.
	3.	is personal and the person becomes a licensee who then has irrevocable permission to remain on the land and can never be a trespasser
	4.	in an interest in land due to the courts of equity, which take the strict application of law and soften it to be more fair.
	5.	personal and not an interest in land at all.