By Fraudulently Misrepresenting a Number of Material Facts,Sid Induces Ty

question 46

Multiple Choice

By fraudulently misrepresenting a number of material facts,Sid induces Ty to enter into a contract for the sale of a warehouse.Sid also tells Ty that his commission is 6 percent,but their signed,written contract states "12 percent." In a dispute between Sid and Ty over this contract,the court may apply the parol evidence rule,which governs

• A)contracts entered into by parolees.
• B)contracts that are induced by fraud.
• C)contracts that must be in writing to be enforceable.
• D)the admissibility in court of oral evidence.

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Definitions:

Injurious Falsehood

A false statement made maliciously that causes actual damage to a person's business or property.

Trade Secret

Information, including a formula, practice, process, design, instrument, pattern, or compilation of information, that is not generally known and that a business can keep confidential to gain an economic advantage over competitors or customers.

Transferee

A person or entity that receives a transfer of property, rights, or interest from another.

Noncompetition Clause

A contractual term preventing one party from competing directly with another party for a certain period and within a specified geography.