Asif Purchased a Business from Olga

question 10

Multiple Choice

Asif purchased a business from Olga. During negotiations leading up to the contract, Olga made an innocent misrepresentation. As a result of that statement, Asif has discovered that the business is far less valuable than he expected. Which of the following statements is TRUE?

• A) Asif is entitled to rescission even if, before entering into the contract, he investigated the true state of affairs that Olga addressed in her innocent misrepresentation.
• B) Asif is not entitled to rescind the contract if, before entering into the contract, he carelessly failed to discover the error contained in Olga's innocent misrepresentation.
• C) Asif is not entitled to rescission unless he can prove that Olga's innocent misrepresentation was the only, or at least the most important, reason for him entering into the contract.
• D) Rescission is not available for an innocent misrepresentation.
• E) none of the above

---

Definitions:

10-mL Syringe

A syringe that can hold up to 10 milliliters of fluid, often used for medical injections or to measure medications accurately.

mL

Milliliters, a metric unit of volume equal to one thousandth of a liter, commonly used to measure liquid quantities.

Units

Measurement entities that form the foundation for determining the magnitude or quantity of a dimension.

Tuberculin Syringes

Precisely calibrated syringes used for administering small doses of medication, commonly used for tuberculosis testing.