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1. With regard to impossibility of performance, which of the following is NOT true?
a. death or disability usually excuses performance
b. it must be subjectively impossible
c. supervening illegality usually excuses performance
d. it must be objectively impossible
2. _______ is an event that occurs when one person consciously decides to induce another person to rely and act on a misrepresentation.
a. Bilateral mistake
b. Unilateral mistake
c. Erroneous misrepresentation
d. Fraudulent misrepresentation
3. What is it called when both parties are mistaken concerning a material fact pertaining to a contract?
a. unilateral mistake
c. mutual mistake
You are a consultant hired by an established medium-sized manufacturing corporation with 250 employees. It directly markets one unique product. The corporation is run by a new
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The initial cost of an investment is $65,000 and the cost of the capital is 12%. The return is $15,000 per year for 8 years. Based on the given information, the net present va
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The nonalcoholic beverage industry is an evolving one. Check out this research and determine the implications to your new product and if you have a new competitor already doin
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