Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rafael tells his friends that he wants to sell his party barge for $ 3 0 , 0 0 0 . Rafael has some flyers

Rafael tells his friends that he wants to sell his party barge for $30,000. Rafael has some flyers made up with a picture of the party barge, a description of the features, and the price. Andre obtains one of the flyers and contacts Rafael about purchasing the party barge. Rafael draws up a contract and mistakenly lists the price of the party barge at $20,000 instead of $30,000. Rafael and Andre both sign the contract. When Andre brings $20,000 to purchase the party barge, Rafael discovers his mistake. Will Rafael be able to rescind the contract?
Yes, Rafael can rescind the contract even though it was a mutual mistake.
No, Rafael cannot rescind the contract because it was a mutual mistake.
No, Rafael cannot rescind the contract because it was a unilateral mistake.
Yes, Rafael can rescind the contract even though it was a unilateral mistake.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Today

Authors: Terri A. Scandura, Kim Gower

1st Edition

1506385877, 978-1506385877

More Books

Students also viewed these General Management questions

Question

=+ (c) Show that a ,, converges to some a > 0.

Answered: 1 week ago