ACC 480 Chapter 15 Exam Questions With 100% Correct Answers.

ACC 480 Chapter 15 Exam Questions With 100% Correct Answers. C Fact Pattern 15-B1 (Questions B1-B2 apply) Digital Storage, Inc., offers to sell provide cloud-computing services to Entrepreneur Enterprises, Inc., but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprises accepts the written offer. B1. Refer to Fact Pattern 15-B1. Entrepreneur Enterprises’ best argument in favor of enforcement of the contract is that a. a bilateral mistake does not afford relief from a contract. b. a mistake of value does not afford relief from a contract. c. a unilateral mistake does not afford relief from a contract. d. the price was below the prices of comparable devices. D Refer to Fact Pattern 15-B1. Digital Storage's best defense against enforcement of the contract is that Entrepreneur Enterprises knew a. a bilateral mistake supports the cancellation of a contract. b. a mistake of value supports the cancellation of a contract. c. a unilateral mistake supports the cancellation of a contract. d. the price was below the prices of comparable devices. D Organic Farms Company contracts to buy two tracts of land from Prime Bottomland, Inc. Both parties believe that the two tracts are adjacent, but in fact they are not. Prime Bottomland is still willing to sell the land, but under these circumstances the deal would adversely affect Organic Farms. B3. Refer to Fact Pattern 15-B2. Because of the parties' belief about the adjacency of the property, their contract is a. unavoidable. b. unconscionable. c. unenforceable. d. voidable. A Refer to Fact Pattern 15-B2. The parties' belief about the adjacency of the property is a. a bilateral mistake. b. a fraudulent misrepresentation.