In Some Cases, the Court Will Not Grant the Remedy

question 44

Multiple Choice

In some cases, the Court will not grant the remedy of rescission. In which of the following situations would a court refuse to grant rescission?

• A)resale of the property to a purchaser who knows of the misrepresentation
• B)undue haste in claiming rescission
• C)the goods involved were very expensive
• D)resale of property to a bona fide purchaser who did not know of the misrepresentation
• E)rescission is not granted in any of the above situations

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Definitions:

Compounded Semi-Annually

This is the process where interest is added to the principal sum of a loan or deposit twice a year, resulting in interest being earned on interest from that point on.

Replacement Stream

A series of cash flows intended to replace the benefits of an asset or investment over time.

Payments

Payments refer to the amounts of money transferred from one party to another as compensation for goods or services, or as fulfillment of an obligation.

Compounded Quarterly

The process where interest is added to the principal sum of a loan or deposit four times a year, resulting in a higher amount of interest being accumulated than if compounded less frequently.