Mrs Sharp, the Owner of a Restaurant, Induced the Morissons

question 136

Multiple Choice

Mrs. Sharp, the owner of a restaurant, induced the Morissons to buy the business by a misrepresentation; the invoices made her costs appear less than they actually were, and thus her profits more than they actually were. On these facts, which of the following is false?

• A) The court could not award the equitable remedy of rescission if evidence showed that Mrs. Sharp really believed the invoices were accurate.
• B) The court could award the equitable remedy of rescission if the evidence showed she had fraudulently misrepresented the costs.
• C) The court could terminate the contract for breach of contract if the accurate statement of costs and profit were essential terms of the contract.
• D) The court could not award the equitable remedy of rectification because the argument is not about rectifying an erroneous written version of a previous oral contract.
• E) The cause of action could be for the tort of deceit, if there was evidence that Mrs. Sharp intended to deceive them.

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Definitions:

Ribosome

Cellular organelles that synthesize proteins by translating mRNA sequences.

tRNA

Transfer RNA, a type of RNA molecule that helps decode a messenger RNA (mRNA) sequence into a protein during the process of translation.

Polyribosome

A complex consisting of a number of ribosomes attached to an mRNA during translation; also known as a polysome.

Ribosomes

Molecular machines within cells where proteins are synthesized, following the instructions encoded in RNA.