Asked by
Haley Dressler
on Dec 20, 2024Verified
If incorrect, which of the following would probably be considered a misrepresentation of a material fact?
A) "This is the one that I think is the best buy."
B) "This is the best computer on the market."
C) "This car has new brakes."
D) "These tires will wear like iron."
Misrepresentation
A false statement of fact made by one party to another, which induces the latter to enter a contract, capable of being grounds for legal action.
Material Fact
A fact that is significant or essential to the matter at hand, and whose disclosure can influence the decisions of those involved in a legal agreement or transaction.
New Brakes
Refers to recently installed braking components in a vehicle, intended to improve safety and performance.
- Gain an understanding of and identify the various forms of misinterpretations along with their conditions for alleviation.
- Acknowledge the critical role of materiality in falsehoods.
Verified Answer
AT
Learning Objectives
- Gain an understanding of and identify the various forms of misinterpretations along with their conditions for alleviation.
- Acknowledge the critical role of materiality in falsehoods.