Statement A: If a simple mistake has prevented the meeting of minds of both parties, the prop remedy is annulment of contracts. Statement B: An offer becomes ineffective upon the d... Statement A: If a simple mistake has prevented the meeting of minds of both parties, the prop remedy is annulment of contracts. Statement B: An offer becomes ineffective upon the death of either party and before acceptance is conveyed. Only Statement 'B' is true. Only Statement 'A' is true. Both statements are true. Neither is true.
Understand the Problem
The question presents two legal statements regarding contracts and asks which statement is true, false, or whether both or neither are true. It requires knowledge of contract law to determine the validity of the statements.
Answer
Only Statement B is true.
Only Statement B is true.
Answer for screen readers
Only Statement B is true.
More Information
Statement A is incorrect because annulment is not always the proper remedy when a mistake prevents the meeting of minds. The correct remedy may vary based on the situation and legal jurisdiction. Statement B is generally accepted: an offer typically becomes ineffective upon the death of either party before acceptance.
Tips
A common mistake is assuming that annulment is always the correct remedy for a mistake in contract formation. Legal remedies can vary, so it's important to understand the specific circumstances and applicable laws.
Sources
- Solved STATEMENT A: Annulment of contract is the proper - Chegg - chegg.com
- TRUE OR FALSE 1.odt - TRUE OR FALSE Contracts FALSE 1.... - coursehero.com
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