The equitable remedy of rectification is granted by the courts in which of the following situations?
A) The parties to a contract disagree as to the meaning of a term in their contract.
B) The seller made a fraudulent misrepresentation that induced the buyer to buy.
C) The seller of goods has made an innocent misrepresentation that persuaded the buyer to buy.
D) A person buys something that he later learns he already owned.
E) Because of a mistake, a written document does not include a corrected term to which the parties had orally agreed.
E) Because of a mistake, a written document does not include a corrected term to which the parties had orally agreed.
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Indicate whether the statement is true or false
Bonneville Communications is concerned about test marketing its new device. Which of the following is NOT a disadvantage of test marketing that would likely concern Bonneville Communications?
A) Test marketing costs can be high. B) Test markets give competitors a peek at the company's promotional strategy. C) Test marketing allows time for competitors to gain advantages. D) People who are surveyed tend to tell less than the truth. E) Test marketing does not guarantee success.