If a Party to a Contract Makes an Innocent Misrepresentation

question 36

Multiple Choice

If a party to a contract makes an innocent misrepresentation, the other party will be entitled to:

• A)Recover damages in the tort of negligence.
• B)Recover damages in the tort of deceit.
• C)Recover damages for breach of contract.
• D)Terminate the contract.

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.

Domestic Investment

The total amount of money invested within a country’s borders by both the private and public sectors.