Question: Dix agrees to sell Eli, for $ 1 , 5 0 0 , a remote parcel of land. Soon after, the land becomes much more

Dix agrees to sell Eli, for $1,500, a remote parcel of land. Soon after, the land becomes much more valuable due to the construction of a new highway nearby. A court would
a. rescind the contract on the basis of undue influence.
b. not rescind the contract.
c. rescind the contract on the basis of mistake.
d. rescind the contract on the basis of fraud.
Dix agrees to sell Eli, for $1,500, a remote parcel of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Q:

Hi, Please help me with responding to the discussion questions below because I'm having a hard time answering them myself. I have been up all night, and I'm unable to figure them out. I uploaded a...

Q:

Oscar was declared insane and committed to a state mental hospital in 1948. In 1955, Oscar executed and delivered to Robert a deed for Cattle Acre which is a 200 acre parcel of land enclosed by...

Q:

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

UIZ 2 QUESTION 1 Chavez is a manager of X Corporation. Another company asks for a recommendation about a former employee of X, Burke, who is now applying for a job. The reference is sent to the new...

Q:

Chapter 3 Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. What are the estimated economic costs of global warming? Can we trust...

Q:

Math\t107-6381\t-\tQuiz\t#4\t-\tSchultz\t-\tDue\tFebruary\t21,\t2016\t-\tpage\t1\tof 3 Follow\tthese\tdirections\tcarefully. This\tquiz\tis\tdue\tby\t11:59\tEastern\ttime\ton\tFebruary\t21,\t2016. o...

Q:

1: Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. 2: What are the estimated economic costs of global warming? Can we trust these...

Q:

I need the following homework exercise completed. All of the information is within the attached files. I require no explanations, just the answers. Part 1: Finding information: Each of the following...

Q:

Accounts Receivable and Interest Income Presentation Kolar Corp. had several notes receivable outstanding as of December 31, Year 3. Use the information found under the Exhibits tab to complete the...

Q:

During 2014, William purchases the following capital assets for use in his catering business: New passenger automobile (September 30). $21,500 Baking equipment (June 30) 6,500 Assume that William...

Q:

Explain, physically, what the callout represents in terms of the part. What is the control called, and what does it physically require with regard to geometry of the part? THIS IS ON THE DRAWING...

Q:

Which one of the following statements is a correct reflection of the U . S . financial markets for the period 1 9 2 6 2 0 2 2 ? Multiple ChoiceU.S . Treasury bill returns never exceeded a return of 9...

Q:

National Business Machine Company ( NBM ) has $ 4 . 2 million of extra cash after taxes have been paid. NBM has two choices to make use of this cash. One alternative is to invest the cash in...