When two parties are involved in a mutual mistake (misunderstanding) as to the meaning of a term of the contract, which of the following is usually applied by the court to settle the matter?
A) The court will find that there is no contract because there is no meeting of the minds.
B) Non est factum
C) Caveat emptor
D) The reasonable person test
E) The equitable remedy of rectification
D) The reasonable person test
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Which of the following statements is most plausible?
A) Increases in stock price associated with a dividend increase are likely due to information conveyed by the increase. B) Increases in stock price associated with a dividend increase are likely due to changes in the company's capital structure. C) Increases in stock price associated with a dividend increase are likely due to investors' preference for dividends over capital gains. D) Increases in stock price associated with a dividend increase are likely due to the favorable tax treatment of dividends over capital gains.
Which of the following gives the correct formula for calculating markup percentage?
A) Sales price/markup B) Sales price/fixed costs C) Fixed costs/variable costs D) Markup/sales price E) Sales price/variable costs