In General, What Happens If a Buyer Relies on Misrepresentations

question 24

Multiple Choice

In general, what happens if a buyer relies on misrepresentations?

• A) They become part of the contract as express warranties.
• B) They become part of the contract as implied warranties.
• C) They do not become part of the contract unless the buyer can prove an intentional lie.
• D) They do not become part of the contract because the buyer is supposed to do due diligence.
• E) They do not become part of the contract unless they were in writing.

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Definitions:

SSE

Sum of Squares due to Error, a measure of the discrepancy between the data and an estimation model, reflecting the unexplained variance within the model.

Expected Yearly Income

An estimation of the amount of money one is anticipated to earn over the course of a year.

Multiple Regression

An approach in statistics utilizing multiple independent variables to forecast the outcome of a target variable.

Linear Function

A mathematical equation that produces a straight line on a graph, typically described with the formula y = mx + c, where m is the slope and c is the y-intercept.