Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Red Stripe Beer Ltd., located in Kingston, Jamaica enters into a sales contract to sell beer to the Manitoba Liquor Board. The contract states the

Red Stripe Beer Ltd., located in Kingston, Jamaica enters into a sales contract to sell beer to the Manitoba Liquor Board. The contract states the beer will be sold for a price of $4 per 12-bottle case plus transportation and delivery costs. The Manitoba Liquor Board receives 200 cases and an invoice for $800. It writes a cheque for JMD$800 (approximately CDN$400). Red Stripe replied saying the $4 price is in Canadian currency, not Jamaican currency. When a contract does not specify the currency but only contains the $ symbol, the contract

Multiple Choice

contains an innocent misrepresentation.

contains a common mistake.

contains a unilateral mistake.

contains a fraudulent misrepresentation.

contains a mutual 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

Real Estate Finance And Investments

Authors: William Brueggeman, Jeffrey Fisher

13th Edition

0073524719, 9780073524719

More Books

Students also viewed these Finance questions