Multiple Choice
Dallas unearths what he thinks may be a gem while he is working up a garden spot.He takes it to the local jeweler,who says he isn't sure until it is cleaned and polished,but he thinks it may be a semiprecious gem worth about $150.The jeweler offers to buy it,and Dallas is thrilled to sell for that price.If the jeweler later finds that the gem was really a precious gem worth ten times what he paid for it:
A) Dallas may rescind the contract of sale because of a mutual mistake.
B) Dallas may rescind the contract of sale because of a unilateral mistake.
C) the jeweler must contact Dallas to rescind the contract of sale or face fraud charges.
D) Dallas may not rescind the contract of sale. He knew there was uncertainty about the value of the exchange and accepted the risk.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: Whittle sent an order over the Internet
Q29: Jeff was a subcontractor,bidding on a contract
Q29: Mike owns a house in a poor
Q30: Mark sues Paula to enforce an alleged
Q31: Barb has been a children's day-care provider
Q33: E-mation hired Jose to bribe a foreign
Q35: Derek and Abyan were discussing business over
Q36: Roger,a minor,buys some electronic equipment from Tuneland,Inc.Roger
Q37: Herb was interviewed for a job on
Q39: Which of the following would not be