James plans to buy two acres on the edge of a town in Iowa,…

James plans to buy two acres on the edge of a town in Iowa, and he is planning to build a ten-story building which will have a funeral home on three floors, a restaurant for reception luncheons on one floor, and offices for his casket and urn businesses on two floors. He plans to rent out the remaining floors. James is in negotiations with Sam, who owns the two acres. James tells Sam that he plans to build a ten-story building on the two-acres, and Sam tells James that town zoning regulations allow ten-story buildings to be built on the land he is buying. In fact, the town zoning regulations prohibit buildings higher than two stories. (Neither James nor Sam know this fact.) James buys the two acres, and then he discovers that the local zoning regulations prohibit him from building his ten-story building on the two acres. James sues Sam, asserting that there has been a mutual mistake of fact, so the contract can be rescinded. James no longer wants the two acres if he cannot build his ten-story building. Sam does not want James to rescind the contract. Will James be able to rescind the contract for the sale of the two acres?

Academic Integrity | Ethical Standards   I understand that M…

Academic Integrity | Ethical Standards   I understand that MDC students are expected to maintain the Highest Ethical Standards. Academic dishonesty is considered a serious breach of these ethical standards because it interferes with the university’s mission to provide a high-quality education in which no student enjoys an unfair advantage over any other.  Academic dishonesty also affects the university community, grounded in a system of mutual trust and places a high value on personal integrity and individual responsibility.   Penalties are associated with academic dishonesty.  

Leo is having financial problems, and he is having trouble p…

Leo is having financial problems, and he is having trouble paying his bills. His neighbor Frank admires his 2018 BMW and offers to buy the car for $25,000. (The market value is $30,000.) Frank is persistent and reminds Leo for days how much Leo needs the money. Leo finally agrees to sell the BMW to Frank for $25,000. A few days later, Leo regrets his decision and asserts that the contract is voidable because he (Leo) was under duress and mistaken about the car’s value when he entered into the contract. Is Leo likely to succeed?