Reber hurriedly signed a form that he assumed was a request for a sample copy of a set of encyclopedias, valued at $57.50 . Later, it developed that he had actually signed an order for the complete set, valued at $575 . When the set was delivered, Reber refused to accept it and claimed he was not bound by the agreement because of the mistake. Was Reber legally bound by the agreement?
a. Yes; any written offer and acceptance makes a binding contract.
b. Yes; a mistake due to carelessness does not discharge the contract.
c. No; a sale of goods for $500 or over is not valid when the sale was made as the result of a mutual mistake.
d. No; misrepresentation by a salesperson will make a contract voidable.
B
Business
You might also like to view...
________ means adjusting the marketing strategy and mix elements to each international target market
A) Standardized global marketing B) Ambush marketing C) Adapted global marketing D) Mass marketing E) Whole channel viewing
Business
What is the EMV for Option 1 in the following decision table?
States of Nature Alternatives S1 S2 p .3 .7 Option 1 15,000 20,000 Option 2 10,000 30,000 A) 15,000 B) 17,000 C) 17,500 D) 18,500 E) 20,000
Business