The remedies of damages and rescission are not available for:
A) concealment.
B) silence in an arms-length transaction.
C) innocent misrepresentation
D) negligent misrepresentation .

Question

Quizplus · Accepted Answer

In an arms-length transaction, the principle of caveat emptor ("let the buyer beware") typically applies, meaning each party is responsible for conducting their own due diligence. Silence or failure to disclose information by a party does not usually constitute a basis for damages or rescission unless there is a duty to disclose that particular information.

The Remedies of Damages and Rescission Are Not Available For