Jamal purchases a refrigerator from Appliances For You under an installment agreement. The price of the refrigerator is $1,500. Jamal is required to pay very low monthly payments, but the payments are to be made over a period of several years. By the end of the contract, Jamal will have paid $12,000 for the refrigerator. Jamal signs the agreement anyway, because he really needs a refrigerator. If Jamal later tries to rescind the contract:

Jamal may not rescind the contract because it meets all the requirements of a valid contract for the sale of goods under the U.C.C.

Jamal may rescind the contract because it is a contract of adhesion.

Jamal may not rescind the contract because it is in writing.

Jamal may rescind the contract because the contract is illegal on its face.

2)

Huseyin and Ashish are negotiating the details of a new garage that Ashish plans to build on Huseyin's property. They agree on the building specs, the delivery date, and a price of $25,000. Ashish draws up the contract and sends it to Huseyin to sign. Huseyin reviews the contract and notices the price is listed as $2,500 instead of $25,000. Elated at the unbelievably low price, Huseyin quickly signs the contract and sends it back to Ashish, who signs it as well. If Ashish later tries to rescind the contract due to the mistaken price:

Ashish will not be successful, because a unilateral mistake is not a basis to rescind a contract.

Ashish will be successful, because the parties made a mutual mistake.

Ashish will not be successful, because parol evidence is not admissible to disprove the terms of a written contract.

Ashish will be successful, because it is a mathematical mistake that Huseyin was aware of.

Answer rating: 100% (QA)

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