Question

Ned and Ira negotiate the sale of a certain set of golf clubs. The two believe that the golf clubs were used by a famous golfer, and Ned sells them to I for a substantial price. Ira later learns that the golf clubs were not used by the golfer, significantly reducing their value. What the of mistake is the Multiple Choice Mutual Unilateral Promissory Conditional Executory

Answer 1

The mistake in this scenario is a unilateral mistake, which occurs when one party to a contract is mistaken about a material aspect of the agreement.

Step-by-step explanation:

The type of mistake in this scenario is unilateral mistake. Unilateral mistake occurs when one party to a contract is mistaken about a material aspect of the agreement. In this case, Ira believed that the golf clubs were used by a famous golfer, but later discovered that they were not. This mistake significantly reduced the value of the golf clubs.

Answer 2

The type of mistake involved in the scenario is a mutual mistake, where both parties believed the golf clubs were used by a famous golfer, but later discovered it was incorrect.

Step-by-step explanation:

The type of mistake in this scenario is a mutual mistake.

In this case, both Ned and Ira believed that the golf clubs were used by a famous golfer, which influenced their decision to negotiate and sell them at a higher price. However, they later discovered that their belief was incorrect, significantly reducing the value of the golf clubs.

This mutual mistake occurred because both parties had the same mistaken understanding about the golf clubs' provenance, leading to a false assumption and a less favorable outcome for Ira.