Regarding Misrepresentation in a Sale of Land

question 70

Multiple Choice

Regarding misrepresentation in a sale of land

• A)the purchaser must take it with all its faults.
• B)all defects must be revealed.
• C)rescission is liberally given for misrepresentation.
• D)caveat emptor.
• E)the seller is required to disclose all interests in ownership.

---

Definitions:

Mutually Exclusive

Refers to events that cannot occur at the same time in probability theory; the occurrence of one event means the other cannot happen.

P(A ∪ B)

The probability that at least one of two events A or B occurs.

Independent Events

Two or more events whose outcomes do not affect each other.

P(A ∪ B)

Represents the probability of the occurrence of at least one of two events A or B.