With Regard to the Law Concerning Misrepresentation, Which of the Following

question 39

Multiple Choice

With regard to the law concerning misrepresentation, which of the following is true?

• A) The case law allows a remedy for an opinion given by a non-expert.
• B) A misrepresentation can be a true assertion of fact that induces (persuades) the party to contract.
• C) If the buyer realizes the seller persuaded him to contract by a misrepresentation, he will not be able to get the remedy of rescission if he was tainted with wrongdoing himself, (i.e., not coming with "clean hands").
• D) Damages as a remedy are not available where the misrepresentation becomes part of the contract.
• E) Rescission is available as a remedy for misrepresentation only if it is innocent misrepresentation.

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Definitions:

Subsidiaries

Companies that are completely or partly owned and partly or wholly controlled by another company, known as the parent company.

Demand-Pull Inflation

occurs when prices rise because the demand for goods and services exceeds supply.

Price of Houses

The amount of money required to purchase residential properties, influenced by factors such as location, size, and market conditions.

Sharp Increase

A rapid and significant rise in a particular metric, such as price, volume, or value.