Johan Is Negotiating the Possible Sale of One of His

question 49

Multiple Choice

Johan is negotiating the possible sale of one of his company's regional business operations to Bill.In response to Bill's inquiry regarding the duration remaining on the existing supply contracts,Johan provided the end dates of the contracts themselves.Johan did not advise Bill that two of the customers were on the brink of insolvency.If Bill relies on the information Johan provided,what recourse will contract law allow him?

• A) The contractual defect is so substantial that it is of no force or effect.
• B) A misrepresentation must meet the requirements imposed by legislation.
• C) An aggrieved party can choose to enforce the deal or bring it to an end.
• D) Partial provision of information allows the contract to be rescinded.

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Definitions:

Measurable Results

Quantifiable outcomes that can be used to gauge the effectiveness or impact of an activity, program, or policy.

Empowered Customers

Customers who have increased knowledge, choice, and influence over the products and services they purchase, often facilitated by technology and the internet.

Voucher Programs

These programs provide individuals or entities with vouchers that can be used to purchase goods or services, often used in educational and social service contexts to provide choice and flexibility.

17th Century

The period from 1601 to 1700 in the Gregorian calendar, often marked by significant historical, cultural, and scientific developments.