With Regard to the Law Concerning Misrepresentation, Which of the Following

question 51

Multiple Choice

With regard to the law concerning misrepresentation, which of the following is true?

• A) Rescission is available as a remedy for misrepresentation only if it is innocent misrepresentation.
• B) A misrepresentation can be a true assertion of fact that induces (persuades) the party to contract.
• C) Damages as a remedy are not available where the misrepresentation becomes part of the contract.
• D) If the buyer realizes the seller persuaded him to contract by a misrepresentation, he will not be able to get the remedy of rescission if he was tainted with wrongdoing himself, i.e., not coming with "clean hands."
• E) The case law allows a remedy for an opinion given by a non-expert.

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Definitions:

Demand Deposits

Money in bank accounts that can be withdrawn "on demand" without any advance notice.

Junk Bonds

High-yield bonds that carry a higher risk of default compared to investment-grade bonds, typically issued by companies with lower credit ratings.

Real Estate Loans

Loans specifically provided for purchasing property, including both residential and commercial properties.

Medium Of Exchange

Items sellers generally accept and buyers generally use to pay for a good or service; the primary job of money.