When One Party to a Contract Makes a Misrepresentation About

question 65

Multiple Choice

When one party to a contract makes a misrepresentation about the law,what is the deceived party able to do?

• A) The deceived party can usually rescind the contract.
• B) The deceived party can usually collect damages.
• C) The deceived party can never collect damages or rescind the contract because all parties to a contract are presumed to know the law, either on their own or by securing the services of an attorney.
• D) The deceived party usually has no remedy unless the party making the misrepresentation of law is a professional who should know the law and has intentionally misrepresented the law to a less sophisticated party.
• E) The deceived party can usually rescind the contract only if the contract involves an amount of over $500.

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Definitions:

Grievance Procedures

Formal processes through which employees can submit complaints or concerns about work conditions or treatment by employers.

Production Standards

Quantitative indicators set by companies to measure the quality and rate of output over a specific period.

Strike

A work stoppage caused by the mass refusal of employees to work, typically to protest against terms of employment or working conditions.

Picket Lines

A boundary established by workers on strike, especially at the entrance to the place of work, meant to show unity and to discourage others from entering the premises.