Gina Induces Hu to Enter into a Contract for the Purchase

question 36

Multiple Choice

Gina induces Hu to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features.When Hu discovers the truth,Hu can

• A)not rescind the contract.
• B)rescind the contract on the basis of fraud.
• C)rescind the contract on the basis of mistake.
• D)rescind the contract on the basis of undue influence.

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Definitions:

Fair Credit Billing Act

A U.S. federal law designed to protect consumers from unfair billing practices and to provide a mechanism for addressing billing errors on credit accounts.

Disputed Amount

The portion of a bill or invoice that is not agreed upon by the parties involved, leading to a potential conflict or claim.

Credit Card Bill

A statement issued monthly by the credit card company that details the transactions, outstanding balance, and minimum payment due by the cardholder.

Billing Statement

A summary of transactions, payments, credits, and fees on an account over a specific period, typically issued periodically by creditors to debtors.