Jill and Karl contract for the sale fo Jill’s horse for $1,000. Unknown to either party, the horse has died. Karl is
a. entitled to another horse of equivalent value.
b. not required to pay due to a mutual mistake.
c. not required to pay due to the unilateral mistake.
d. required to pay because she assumed the risk the horse might die.

Please select the correct answer.

Question 2

Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel learns the truth, she may

a. only enforce the contract.
b. only recover what she invested with Frank.
c. enfroce the contract or recover what she invested with Frank.
d. do nothing.

Question 3

Lara, a sales representative, files a suit against Macro Corporation, claiming that Macro made an oral promise to Lara, on which she relied to her detriment. The court can enforce the promise under

a. the doctrine of promissory estoppel.
b. the main purpose exception.
c. the parol evidence rule.
d. the Statute of Frauds.

Question 4

Retail Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods. To be enforceable, the contract should be in writing if the goods are valued at more than
a. $5.
b. $15.
c. $50.
d. $500. hide problem