Ideal ________ would exist if users could fix the product themselves with little cost in money or time

In which of the following instances would the court most likely hold the contract to be void on the basis of a mistake?

A) Barry and Mary contracted for the sale and purchase of a boat for the price of $1200. When the contract was written up, the price was incorrectly stated as $1700. B) Two parties contracted for a shipload of fish, but unknown to both parties, at the time of the contract the ship had sunk and the fish had been lost. C) Carson and Leno had a serious misunderstanding about a term in the contract and the court found that the more reasonable interpretation was that of Leno. D) Sarah bought three rolls of wallpaper, but found she had made a mistake, since two would have been sufficient. E) Although the seller said nothing to the buyer about the characteristics of the answering machine, the buyer bought it, thinking that it would tell him the date and time of the call. Later, he learned that it did not perform this function.

Which of the following states that the business should use the same accounting methods from period to period?

A) materiality concept B) consistency principle C) conservatism D) disclosure principle