Damages as a Remedy Will Not Be Available in Which

question 129

Multiple Choice

Damages as a remedy will not be available in which of the following situations?

• A)Jones makes a negligent misstatement,persuading Smith to enter a contract with him.
• B)Jones,although being careful,makes an innocent misrepresentation,persuading Smith to enter a contract with him.
• C)Jones makes a fraudulent misrepresentation,persuading Smith to enter a contract with him.
• D)A false statement made by Jones becomes a term of the contract.
• E)none of the above

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Definitions:

Monopolist

A single seller in a market, who has significant control over the price and supply of a product.

Price Per Unit

The cost assigned to a single unit of a good or service.

Marginal Revenue

The profit derived from the sale of an additional item of a product or service.

Cheese

A dairy product made from curdled or cultured milk that comes in various flavors and textures.