Brian Makes a Material Misrepresentation of Fact Regarding His Horse

question 28

Multiple Choice

Brian makes a material misrepresentation of fact regarding his horse to Rosalind while out riding one day. Later that day, Rosalind makes an offer to buy the horse which Brian accepts, without correcting his earlier misrepresentation of fact. In this case:

• A) Brian may avoid the contract.
• B) Rosalind may avoid the contract.
• C) either or both Brian or Rosalind may avoid the contract.
• D) neither Brian nor Rosalind may avoid the contract.

---

Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets or properties.

Economic Outcomes

The results or consequences of economic activities, policies, or events, impacting wealth, resource allocation, and standards of living in a society.

Empirical Evidence

Information acquired by observation or experimentation, used to validate or refute a hypothesis or theory.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, considered a major contributor to climate change.