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Courts are typically concerned about the adequacy of consideration. True or false Which of the following is true regarding mistakes in a contract environment? a.

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Courts are typically concerned about the adequacy of consideration. True or false Which of the following is true regarding mistakes in a contract environment? a. A material mistake usually pertains to opinions of value. b. An incidental mistake will immediately cause a contract to be void. c. In the event of a mutual material mistake the contract is still generally still enforceable. d. In the event of a unilateral mistake a contract is generally still enforceable. Which of the following would be considered a misrepresentation of a material fact, and therefore subject to a finding of fraud? Yogurt claiming to be '99% fat free, was found to have a fat level of 1.4% a. b. You buy a new Chevrolet Corvette with a gas mileage rating of 23 MPG in the city. Your actual experience is 21 MPG c. A used automobile listed for sale with 75,000 miles shows 75,252 miles on the odometer. d. You bought a diamond ring advertised as having a solitaire stone of 1.5 carats weight. You have the ring appraised and find that the stone is.60 carats

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