Examlex
According to section 2(1) of the Misrepresentation Act (MA) 1967: 'Where a person has entered into a contract after a misrepresentation …, then, if the person making the misrepresentation would be liable to damages in respect thereof had the misrepresentation been made fraudulently, that person shall be so liable notwithstanding that the misrepresentation was not made fraudulently ...'. This is known as the 'fiction of fraud'. A number of advantages flow from this fiction for the representee when compared to the action for damages for negligence at common law. Which of the following statements is false?
Marginal Revenue
The extra income a company earns by selling an additional unit of a product or service.
Slope
The measure of the steepness or/incline of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.
Average Revenue
The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.
Marginal Revenue
The extra revenue generated from the sale of an additional unit of a product or service.
Q1: A contract void for common mistake may
Q3: Scholars have suggested which of the following
Q4: All Sugar Co has decided to expand
Q4: In cases of damage to or loss
Q5: Anglia Airways offers flights from London's Stansted
Q11: Can housing a public crime laboratory (or
Q12: Rotten apples theory is often used to
Q15: If we take a critical attitude to
Q24: Given its importance in many types of
Q26: _ argues that punishment is justified as