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When Santino Simms and Luna Batista divorced, they agreed to split their assets equally without specifically mentioning any stock accounts. They owned an account with
When Santino Simms and Luna Batista divorced, they agreed to split their assets equally without specifically mentioning any stock accounts. They owned an account with Bernie L Milford Investment Securities estimated to be worth $ million. Simms kept the account and paid Batista more than $ million, including $ million to offset the amount that they believed was in the account. Two years after the divorce agreement was signed, Simms learned that the account actually never existed due to its managers fraud.
Assessment content
Apply It: Bilateral Mistake
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Assessment question
Identifying the Facts and Issues
This contract
has
all of the four required elements of a contract: agreement, capacity, consideration, and legality. When the parties learned that the Milford account was worthless,
select answer
would want to get out of this contract because
select answer
kept the worthless account and paid
select answer
cash for onehalf of the supposed value.
Assessment question
If a court does not enforce the contract betw
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