A chief officer is known as the judge in a state court of records as well as in a federal court.
a. true
b. false
Answer: a. true
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When only one party to a contract is mistaken about a material fact that is the subject matter of
the contract, that party will not be permitted to rescind the contract. Indicate whether the statement is true or false
Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it
She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of A) a financing lease B) a consignment C) an assignment D) a conditional sales contract E) a receivership