A False Statement by an Expert to a Naive Buyer

question 27

True/False

A false statement by an expert to a naive buyer usually will entitle the buyer to rescind or reform a contract.

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Definitions:

Fracking

A method of oil and gas extraction that involves injecting liquid at high pressure into subterranean rocks, boreholes, etc., to force open existing fissures and extract oil or gas.

U.S. Oil Supply

The total quantity of oil available for use or consumption in the United States, coming from domestic production and imports.

Sustainable Forests

Sustainable forests are managed with the aim of maintaining their biodiversity, productivity, and regeneration capacity for future generations without causing damage to other ecosystems.

Deforestation

The removal of a forest or stand of trees where the land is thereafter converted to a non-forest use.