Asked by
Jasmin Saldivar
on Nov 10, 2024
Verified
With regard to the law concerning misrepresentation, which of the following is true?
A) The case law provides a remedy for a wildly exaggerated claim, such as "This is the best car ever built."
B) A statement of opinion can be a one-sided mistake.
C) A misrepresentation can be a false assertion of fact that induces (persuades) the party to contract, and need not be an assertion about a term of the contract.
D) For fraudulent misrepresentation, the buyer could ask only for the equitable remedy of rescission.
E) A buyer could not be awarded the equitable remedy of rescission if the seller honestly believed that the misrepresentation was true.
Misrepresentation
A false statement of fact made by one party to another party, which has the effect of inducing that party into a contract.
Contract
A binding contract that is legally enforceable, created between at least two parties.
Fraudulent
Acts that are intentionally deceitful or dishonest, typically for personal gain or to cause a loss to another.
- Acquire knowledge about the various definitions and forms of misrepresentation in the context of contractual law.
- Separate the concepts of innocent, fraudulent, and negligent misrepresentation.
Verified Answer
MW
Learning Objectives
- Acquire knowledge about the various definitions and forms of misrepresentation in the context of contractual law.
- Separate the concepts of innocent, fraudulent, and negligent misrepresentation.