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Question
Assuming that the economic condition of the country is progressing, Peter entered into a contract with John for the sale of substantial amount of shares of his company for consideration of $1,000,000. However, due to a slump in the market in the next few months, Peter lost heavily. This would lead to:
A. avoidance of the contract.
B. enforcement of the contract.
C. rescission of the contract.
D. reformation of the contract.
Answer
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