Dale sold an oil painting to Jane for $1,000. Jane was to pick it up the next day, but an art dealer came into the store before she arrived and told Dale it was a rare painting by a famous artist and offered Dale $25,000
Dale didn't tell the dealer about his sale to Jane, and Dale sold it to the art dealer for $25,000. As a result
A) Jane can successfully sue Dale for breach of contract and seek pecuniary damages
B) Dale's contract with Jane was void due to innocent misrepresentation
C) Dale's contract with the art dealer was void for public policy reasons
D) Dale's contract with Jane was void due to mistake
E) Jane can sue both Dale and the art dealer
A
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AAA Metal Bearings produces two sizes of metal bearings (sold by the crate)—standard and heavy
The standard bearings require $200 of direct materials per unit (per crate), and the heavy bearings require $245 of direct materials per unit. The operation is mechanized, and there is no direct labor. Previously AAA used a single plantwide allocation rate for manufacturing overhead, which was $1.55 per machine hour. Based on the single rate, gross profit was as follows: Per unit Standard Heavy Direct materials cost $200.00 $245.00 Manufacturing overhead cost 124.00 93.00 Total manufacturing cost $324.00 $338.00 Sales price per unit 350.00 370.00 Gross profit per unit $26.00 $32.00 Although the data showed that the heavy bearings were more profitable than the standard bearings, the plant manager knew that the heavy bearings required much more processing in the metal fabrication phase than the standard bearings, and that this factor was not adequately reflected in the single plantwide allocation rate. He suspected that it was distorting the profit data. He suggested adopting an activity-based costing approach. Working together, the engineers and accountants identified the following three manufacturing activities and broke down the annual overhead costs as shown below: Activities: Estimated Cost Metal fabrication $420,000 Machine processing 152,000 Packaging 17,000 Total overhead cost $589,000 Engineers believed that metal fabrication costs should be allocated by weight and estimated that the plant processed 12,000 kilos of metal per year. Machine processing costs were correlated to machine hours, and the engineers estimated a total of 380,000 machine hours for the year. Packaging costs were the same for both types of products, and so they could be allocated simply by the number of units produced. The production plan provided for 4,000 units of standard and 1,000 units of heavy bearings to be produced during the year. Additional data on a per unit basis was as given below: Standard Heavy Kilos per unit 2.00 4.00 Machine hours per unit 80.00 60.00 Using the data above, calculate the predetermined overhead allocation rates using activity-based costing. Then, following the ABC methodology, calculate the production cost and gross profit for one unit of standard bearings. (Round your intermediate calculations to two decimal places.) What will be an ideal response
Using the yeast signal transduction pathways, both types of mating cells release the mating factors. These factors bind to specific receptors on the correct cells,
A) which induce changes in the cells that lead to cell fusion. B) which produce more of the a factor in a positive feedback. C) then one cell nucleus binds the mating factors and produces a new nucleus in the opposite cell. D) stimulating cell membrane disintegration, releasing the mating factors that lead to new yeast cells. E) which in turn releases a growth factor that stimulates mitosis in both cells.