When both parties make a mistake as to the future market value of the object of their
Question:
When both parties make a mistake as to the future market value of the object of their contract, the contract can be rescinded by either party. (True/False)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
False When both parties make a mistake as to the future market value of the object of their contract ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
Question Posted:
Students also viewed these Social Science questions
-
The IASB and FASB have worked together to develop a single set of high-quality, understandable, enforceable and globally accepted international financial reporting standards. True or False
-
Which one of the following may not be depreciated using an accelerated method? a.A corn-husking machine b.A farm truck that is operated for personal use more than 50 percent of the time c.A computer...
-
Write a paper on Conflict and Negotiation and addressing the following four questions, and make sure to cite at least one of the required background readings for each of your four answers: 1. Was...
-
For each of the following tests, identify two different samples of people who would have the expertise to serve as subject matter experts (SMEs) for providing judgments regarding the content validity...
-
Suppose that the demand curve for corn has the equation p = -.15q + 6.925 and the supply curve for corn has the equation p = .2q + 3.6, where p is the price per bushel in dollars and q is the...
-
The RPC people can only be viewed from one angle. A) True B) False
-
A stock price \(S\) is governed by the model where the period length is 1 month. Let \(u=\mathrm{E}[w(k)]\) and \(\sigma^{2}=\operatorname{var}[w(k)]\) for all \(k\). Now suppose the basic period...
-
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $340,000; Cash paid for rent, $40,000; Cash paid to employees...
-
What are the characteristics of the exchange rate regime in India? Is the currency convertible? How high would you assess the likelihood of an exchange rate crisis?
-
A contract entered into under duress is voidable. (True/False)
-
A seller has no duty to disclose a defect that is known to the seller but could not reasonably be suspected by the buyer. (True/False)
-
(a) Neglecting activity coefficients and ion pairing, find the pH and concentrations of species in 1.00 L of solution containing 0.040 mol 2-aminobenzoic acid (a neutral molecule, HA), 0.020 mol...
-
Consider the following class: public class Sequence { private int[] values; public Sequence(int size) { values = new int[size]; } public void set(int i, int n) { values[i] = n; } public int get(int...
-
On 9 April 2017, Dr David Dao was flying from Chicago to Louisville, Kentucky. This is a short flight lasting under one and a half hours. All passengers were on the airplane, waiting for the doors to...
-
Modify the LargestInArray.java program in Section 7.3.10 to mark both the smallest and the largest elements.
-
Organise a social media campaign for your universitys marketing degree. First evaluate the different social media channels, based on the target audience, and recommend one channel to use in this...
-
What happens when an inner class tries to access a local variable that assumes more than one value? Try it out and explain your findings.
-
NPP Company purchased $100,000, 10%, three-year bonds for $86,780. Interest on the bonds is payable semiannually. Using straight-line amortization of the bond discounts, make the necessary journal...
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
In 2022, which of the following types of income is excluded from gross income? a. Unemployment compensation b. Income earned illegally c. Dividends from foreign corporations d. Corporate bond...
-
Which of the following is included in gross income? a. Loans b. Scholarships for room and board c. Gifts d. Health insurance proceeds e. Child support payments received
-
List four behavioral factors that could be used to classify a worker as either an employee or an independent contractor and provide a brief example.
-
Solve for x: using the table below. e2x-1-9 x 1 2 3 4 5 6 7 8 9 10 Inx 0 0.69 1.1 1.39 1.61 1.79 1.95 2.08 2.2 2.3
-
Solve the equation for the requested variables. t(nz+b) k+j - Solve for t: t= Solve for z: z=
-
2. The diagram shows two squares. Name a single vector equivalent to each expression. a. BC - CD b. AE + EC C. CDED AE B F E
Study smarter with the SolutionInn App