Ralph Sold a Motel to Steve by Stating That He

question 32

Multiple Choice

Ralph sold a motel to Steve by stating that he had paid $250,000 for it and that his net average annual profit from the business has been $40,000.In reality he paid $100,000 for the motel and has earned a net average annual profit of only $28,000.Steve made no attempt to verify the statements until after the transaction was completed.In this case:

• A)Ralph has committed fraudulent misrepresentation.
• B)Steve is bound by the contract, because he failed to verify the statements which were made to him.
• C)the contract is voidable at Steve's option.
• D)Two of the above, (a) and (c).

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Definitions:

Male Reproductive System

This system encompasses the organs involved in producing, maintaining, and transporting sperm and semen, as well as facilitating the discharge of sperm during ejaculation to fertilize an egg.

Male Reproductive System

The biological system consisting of organs and structures in males that are involved in producing offspring.

Female Reproductive System

The biological system in females encompassing organs such as the ovaries, fallopian tubes, uterus, and vagina, responsible for reproduction.

Male Reproductive System

The collection of external and internal organs in males that function in the process of producing sperm and conveying it to the female reproductive system.