Question: 1 What is a mutual mistake? A situation in which the parties each made different mistakes with respect to the contract. A situation in which
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What is a mutual mistake?
A situation in which the parties each made different mistakes with respect to the contract.
A situation in which the parties mutually agree that there is a mistake in the contract.
A situation in which a term of the contract is omitted by mistake.
A situation in which the parties made the same mistake.
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What is one way in which a contract can be discharged?
By the contract's own dissolution.
By one party giving at least 90 days notice to the other.
By the parties orally agreeing to terminate the contract.
By a third party mediator declaring a contract to be void.
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What is an injunction?
When a plaintiff is allowed to claim for partial performance
When two parties find that they cannot complete a contract
A remedy awarded which compels an action by the guilty party
When a court orders a person not to break their contract
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What is a contract?
An agreement by two or more parties to exchange services or products at some time in the future.
An exchange of enforceable promises between two or more parties, usually, but not always, in writing
An agreement by one party to complete work for another party
An agreement by two or more parties to exchange services or products.
Question 5
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Alex persuaded his grandmother, Clara, to sell him her car for $1,000. They both knew the car was worth much more than that. However, Clara did not need the car anymore and loved her grandson, so she agreed to sell him the car. The next day Clara found out that Alex was planning to sell the car to a friend for $6,000. Clara can avoid the contract because of:
Duress
Fraud
Undue Influence
Mistake
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