Jill Sells Thomas Her 1996 Volvo

question 25

Multiple Choice

Jill sells Thomas her 1996 Volvo.Jill has not driven the car for two years and is unaware that the brake cables have rusted.Thomas does not ask Jill any questions about the brakes before he buys the car.When Thomas is driving the car home,the brakes fail.Thomas

• A)can rescind the contract on the ground of fraud.
• B)can rescind the contract on the ground of misrepresentation.
• C)can rescind the contract on the ground of bilateral mistake.
• D)cannot rescind the contract.

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Definitions:

Earnings Per Share

A measure of a company's profitability that calculates how much of the net income is available per share of stock.

Year 2

Refers to the second year of a particular time frame, often used in financial analysis to denote the second year of operations, investments, or accounting periods.

Price-Earnings Ratio

A valuation metric comparing the current share price of a company to its per-share earnings.

Year 2

A reference to the second year in a time series analysis or the second year of a company's operations or financial reporting.