Li Jang agrees to sell ten shares of Black Bear Corporation stock to Pam. Neither party knows
Question:
Li Jang agrees to sell ten shares of Black Bear Corporation stock to Pam. Neither party knows whether the stock will increase or decrease in value. Pam believes that it will increase in value. If she is mistaken, her mistake will
a. justify voiding the contract.
b. not justify voiding the contract.
c. justify a refund to her from Li Jang of the difference.
d. justify a payment from her to Li Jang of the difference.
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Step by Step Answer:
b not justify voiding the contract This scenario describes a bilateral contract where neither side h...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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