Question: 1- A mistake in a basic assumption of fact is when: Group of answer choices A -none of the above B -the buyer, seller, and
1- A mistake in a basic assumption of fact is when:
Group of answer choices
A -none of the above
B -the buyer, seller, and reasonable person believe at the time of contracting that the coin is valuable when it ultimately turns out to be counterfeit.
C- the buyer and the reasonable person believe at the time of contracting that the coin is valuable when it ultimately turns out to be counterfeit.
D- the buyer and seller believe at the time of contracting that the coin is valuable when it ultimately turns out to be counterfeit.
2-Does the illegality doctrine have exceptions?
Group of answer choices
No, the courts leave the parties where they find them.
Yes, the exceptions result in a restitution cause of action.
Yes, the exceptions result in a breach of contract cause of action.
Yes, the exceptions include when the parties are not in pari delicto, collateral illegality, and repentance.
3- If a contract is unenforceable by reason of the Statute of Frauds:
Group of answer choices
a breach of contract action may be available to bring the defendant back to the position the defendant was in prior to receiving the benefit
a restitution cause of action may be available to prevent unjust enrichment
a restitution cause of action will not be available to prevent unjust enrichment
a reliance cause of action may be available to prevent injustice
4-The minority doctrine raises:
Group of answer choices
a plaintiffs remedy for the defendants breach issue
a contract enforcement issue
a contract formation issue
a defendants response to the plaintiffs allegation of breach issue
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