Brian wants to buy a mare that he can breed to help develop a horse operation. Larson offers to sell Brian a horse that Larson believes is healthy and should make a good broodmare when a little older. After two years, the horse still has not foaled. The veterinarian tells Brian that the horse is incapable of breeding. If Brian sues to rescind the contract with Larson, it isa. likely that a court will allow the rescission based on a unilateral mistake. b. unlikely that a court will allow rescission based on a mistake of fact. c. likely that a court will allow the rescission based on a mistake of fact. d. unlikely that a court will allow rescission, because Brian made a mistake about market value.

Answers

Answer 1

Answer:

Answer:

The correct answer is C: likely that a court will allow the rescission based on a mistake of fact.

Explanation:

Brian was not aware of that fact that the horse is incapable of breeding at the point he buys it, but Larson assures Brian the horse is healthy. In this light, if Brian sues to cancel the contract with Larson, the court will allow it based on a mistake of fact. This way the court will reduce any civil liability or criminal culpability because Larson might not know that the horse cannot breed, although he is certain that the horse is healthy.

Related Questions

What are loans to government and companies? please hellppzz
Do an interview with a business owner and request him / her to identify any business problem that they are experiencing
Name and describe four trade barriers
On March 1, a firm paid $1,800,000 cash to purchase land on which to construct a new facility. Construction began the same day. Total expenditures incurred for construction were as follows: The new facility was finished and ready for use on July 1. To finance the building construction, the firm borrowed $2,400,000 on March 1 on a 9%, 3-year note payable. Other than the construction note, the firm’s only other outstanding debt during the year was a $1 million, 12%, 6-year note payable dated January 1. If the weighted-average accumulated expenditures for the construction project were $2,900,000, then what amount of interest cost should the firm capitalize for the year?
assume that the average number of units demanded is 10 gauges per hour, with a lead time 2 hours and container size 5. we also want to keep a 20% safety stock. how many kanban card sets do we need?

econ The presence of secondary markets ______________ the interest rates that firms have to pay on bonds issued by them.

Answers

Answer:

decrease

Explanation:

Secondary markets decrease the interest rates that organizations have to pay on issued bonds. With the presence of secondary markets, companies that issue bond can then pay lower rates of interest and still sell the entire bonds needed. What the secondary market does is that it bids up the bonds price above their face values. This therefore makes interest that will be paid a lower percentage, and thus leads to lower ROI and yield.

Langston will pay $575 to three different credit cards: Expert Card, Passport, and US Speedy. She will pay three times as much to Expert Card as US Speedy since it has a higher balance. She also expects the Passport payment to be only 15% of the total of the other two payments. How much will Langston pay towards the Passport credit card balance?

Answers

Answer:

$75

Explanation:

Let, the payment made towards US Speedy credit card be 'U'

Therefore,

According to the question:

Payment made towards Express credit card, E = 3U

Total for the two cards = U + E

= U + 3U

= 4U

also,

Payment made towards passport credit card = 15% of 4U

= 0.15 × 4U

= 0.6U

Given: Total payment made = $575

Therefore,

E + U + 0.6 U = $575

3U + U + 0.6U = $575

4.6U = $575

U = $125

Hence,

Payment made towards passport credit card = 0.6U

= 0.6 × $125

= $75

In economic terms, marginal is another word for which of the following?a. Outside
b. Rare
c. Additional
d. Boundaries

Answers

The right answer for the question that is being asked and shown above is that: "d. Outside." In economic terms, marginal is another word for outside. Marginal is talking about the cost or the value that is outside the given boundary of a specific item or object.

compared to other market structures, which of the following are properties of a perfectly competitive market, and which are not?

Answers

Characteristics of a market with perfect competition is,

Many buyers and vendors: In a market that is totally competitive, multiple buyers and sellers, but none of them can affect the product's price. Products supplied in a market are all homogeneous, meaning they are all the same or very similar.

Perfect information: In an equilibrium price, all market participants have similar capabilities about the market, particularly product costs, standards, and availability.

No entrance or exit barriers: In a market with perfect competition, new firms can enter the market with ease and evolving firms can depart the market with ease and without incurring major expenses, buyers and sellers have little power to alter prices.

Characteristics not of a market with perfect competition:

Lack of product differentiation is necessary for perfect competition. Companies operating in other market configurations may distinguish their goods through distinctive branding or design elements.

Market power is absent . Organizations may have some level of market government and be able to affect prices in various market arrangements.

Long-term balance: Perfect competition results in long-term economic profits for businesses of zero. With alternative market configurations, businesses may experience long term economic gains.

Learn more about homogeneous here:

brainly.com/question/30587533

The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR.

Answers

That statement is true
The total finance charge plus interest divided by the amount dinanced represents a ratio that can be used to determine the annual percentage rate.

hope this helps

Adeeb is part of a group of students who are working with a bakery to collect marketing research. The bakery wants to determine whether a new type of pastry would be successful. Adeeb's group decides to conduct a taste test and then have respondents fill out a survey about their thoughts. Questions would include whether they liked or disliked the pastry, what they liked or disliked about it, and whether they would purchase it at certain price points.

Answers

Answer:

C) exploratory research

Explanation:

When the problem is not clearly defined, investigators usually use exploratory research. In this case, what does it mean for a pastry to be successful: has good taste, sells a lot, increases revenue, is profitable, how can it be improved, etc.

There are simply too many options that can define if a product is successful or not. This is why Adeeb's team prepared a survey that include questions that were not that specific. Why do you like or dislike the pastry? If the pastry's price is X would you buy it, if its price is Y?

The purpose of exploratory research is to better understand and gain knowledge about the problem, but it is really difficult for this type of research to provide a definite conclusion or answer.

i don’t know sorry I have to answer a question so I can ask a question so yeah haha

Other Questions

Cave Hardware's forecasted sales for April; May; June; and July are $ 200,000; $ 210,000; $ 150,000; and $ 240,000; respectively. Sales are 70% cash and 30% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 80% of sales and ending inventory is maintained at $ 75,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 26% in the month of purchase and 74% in the following month. What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave Hardware?

Outsourcing value chain activities has such strategy-executing advantages as(A) less internal bureaucracy, speedier decision-making, quicker responses to changing market conditions, and heightened focus on performing a select few value chain activities (which can improve performance of those activities).(B) facilitating the empowerment of employees (because there are less things to do internally).(C) promoting a total quality management culture.(D) reducing the need to establish a strongly implanted corporate culture.(E) reducing the strategic importance of building valuable core competencies.

"Charles sent a letter to a teacher who had requested a tour of his company. In the letter he included the sentence ""Although we would love to have your class visit our company, much of the work area is too dangerous for group tours."" What has Charles done that might lead to legal difficulties?a. By trying to make himself look good, he is guilty of the ""good-guy syndrome.""b. He has used careless language.c. He has used abusive language.d. He has done nothing wrong."

Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, what is the greatest economic challenge that Country D is facing?