A False Statement by an Expert to a Naive Buyer

question 27

True/False

A false statement by an expert to a naive buyer usually will entitle the buyer to rescind or reform a contract.

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Definitions:

American Psychiatric Association

A professional organization of psychiatrists aimed at ensuring humane care and effective treatment for all persons with mental illness, including substance use disorders.

American Law Institute

An organization comprised of lawyers, judges, and legal scholars that drafts model laws and promotes the clarification and simplification of United States common law.

American Bar Association

A professional organization comprised of lawyers, judges, and law students, which sets academic and ethical standards for law professionals and advocates for the legal profession in the United States.

Insanity Defense Reform Act

Legislation enacted to modify the criteria and procedures for asserting an insanity defense in legal trials.