On April 6, Apple entered into a signed contract with Bean, by which Apple was to sell Bean an antique automobile having a fair market value of $150,000, for $75,000. Apple believed the auto was worth only $75,000. Unknown to either party the auto had been destroyed by fire on April 4. If Bean sues Apple for breach of contract, Apple's best defense is
a. unconscionability
b. risk of loss had passed to bean
c. lack of adequate consideration
d. mutual mistake
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On April 6, Apple entered into a signed contract with Bean, by which Apple was to sell Bean an antique automobile having a fair market ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian coffee and a variety of continental cuisines in its cafeteria.
Answers (1)
To remain viable, security policies must have a responsible individual, a schedule of reviews, a method for making recommendations for reviews, and a policy issuance and planned revision date. a. True b. False
Answers (1)
Kate is a customer care executive at a telecommunications services company. She receives a complaint from Mike, a customer, about an unnecessary deduction of $10 from his phone credit.
Answers (1)
Alby Ltd is a trading firm and has warehouses in various cities. One of its warehouses was damaged due to a fire. Which insurance could protect it from this risk? A. business interruption insurance B. property insurance C.
Answers (1)
Stores such as T. J. Maxx, Burlington Coat Factory, and Marshalls buy manufacturers' seconds, overruns, returns, and off-season production runs at below wholesale prices.
Answers (1)
New Questions in Business
There are many restaurants in the city of Raleigh, each one offering food and services that differ from those of its competitors.
Answers (1)
The management of ABTronics firm seeks to convince its employees of their stake in the prosperity of the firm. How can they best accomplish this?
Answers (1)
The term "hybrid marketing channel" in relation to channels and logistics is defined as: Group of answer choices Multichannel distribution system in which a single firm sets up two or more marketing channels to reach one or more customer segments.
Answers (1)
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $380,000. It is estimated that Database can generate $1,390,000 in annual sales, with an 6 percent profit margin.
Answers (1)
A firm's performance appraisal systems are an important element of its control systems. a. True b. False
Answers (1)