If in their contract for the sale of dairy cattle, luis and greenfield mistakenly agree to exchange ten cows for $200 dollars, when the sales price should have been $2000, they may seek which remedy?
restitution.
recovery based on quasi contract.
novation.
reformation.
Answers: 1
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What is the most important type of decision that the financial manager makes?
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Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
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With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
If in their contract for the sale of dairy cattle, luis and greenfield mistakenly agree to exchange...
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