Which of the Following Was the Result on Appeal in the Case

question 67

Multiple Choice

Which of the following was the result on appeal in the case in the text,Gary W.Cruse and Venita R.Cruse v.Coldwell Banker/Graben Real Estate Inc.,in which the court considered whether the plaintiffs could prevail based on alleged misrepresentations by a salesman that a house was new when it was actually not new leading the plaintiffs to forego a home inspection?

• A) That the realtor had merely engaged in sales talk when marketing the home as new which could not be relied upon by the purchasers.
• B) That the plaintiffs were barred from proceeding because they knew that the home builder had occupied the house.
• C) That the plaintiffs were barred from proceeding because they signed an "as-is" disclaimer.
• D) That as a matter of law the plaintiffs were allowed to recover.
• E) That a jury question was presented on whether the plaintiffs could have justifiably relied on the defendants' misrepresentation.

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Definitions:

Hedging

A strategy used in financial management to offset potential losses or gains that may be incurred by a companion investment, thereby reducing the risk of adverse price movements.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines providing a common language for business affairs so that company accounts are understandable and comparable across international boundaries.

Gross Method

An accounting approach for recording purchases or sales of inventory where discounts are not taken into account until they are actually realized.

Forward Contract

An individualized contract between two counterparts to acquire or dispose of an asset at a fixed price on a specified future date.