Jones offers to sell Smith his car. Smith thinks Jones is selling his 2015 Toyota, and Jones thinks he is selling his 2014 Buick. This is an example of which of the following?
A) Misunderstanding
B) Common mistake or shared mistake
C) Unilateral mistake or one-sided mistake
D) Fraudulent misrepresentation
E) Non est factum
A) Misunderstanding
Business
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Morgan Insurance Ltd. issued a fixed-rate perpetual preferred stock three years ago and placed it privately with institutional investors. The stock was issued at $25 per share with a $1.75 dividend. If the company were to issue preferred stock today, the yield would be 6.5 percent. The stock's current value is:
a. $25.00. b. $26.92. c. $37.31.
Business
The transfer of rights under a nonnegotiable contract is known as a(n) ________
A) assignment B) negotiation C) indorsement D) dishonored instrument
Business