Lara Induces Moe to Enter into a Contract for the Sale

question 26

Multiple Choice

Lara induces Moe to enter into a contract for the sale of an apartment about which Lara fraudulently misrepresents a number of material facts.Lara tells Moe that her commission is 6 percent,but their signed,written contract states "12 percent." The Statute of Frauds governs

• A)contracts that are induced by fraud.
• B)contracts that must be in writing to be enforceable.
• C)the admissibility in court of oral evidence.
• D)the merging of oral and written statements into one contract.

---

Definitions:

Testator

One who makes a valid will.

Maker Of A Will

Person who creates a legal document that outlines how their property should be distributed upon their death.

Perfect Substitutes

Goods or services that can be used in place of each other with no loss of utility to the consumer.

Perfect Complements

Two goods for which the Marginal Rate of Substitution (MRS) is zero or infinite; the indifference curves are shaped as right angles.