Damages as a Remedy Will Not Be Available in Which

question 84

Multiple Choice

Damages as a remedy will not be available in which of the following situations?

• A) Jones, although being careful, makes an innocent misrepresentation persuading Smith to enter a contract with him.
• B) Jones makes a fraudulent misrepresentation, persuading Smith to enter a contract with him.
• C) Jones makes a negligent misstatement, persuading Smith to enter a contract with him.
• D) A false statement made by Jones becomes a term of the contract.
• E) Jones makes and intentional misrepresentation of fact in order to get Smith to sign the agreement.

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Definitions:

10% More

Indicates an increase or addition of ten percent to a given number or value.

7% Less

A reduction by seven percent from a previous amount or value.

Standard & Poor's 500

An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.

Stock Index

A statistical measure that shows changes in the stock market by tracking selected stocks' prices.