If the seller of a product makes a misrepresentation of law that the buyer relies upon,can the buyer rescind the contract?
A) Yes; this is considered to be fraud by concealment.
B) Yes; this is considered to be fraud in the inducement.
C) Yes; this is considered to be fraud in the inception.
D) No; each party to the contract is assumed to know the law that applies.
E) Not unless the buyer contacted his attorney.
Correct Answer:
Verified
Q16: Intentional misrepresentation is commonly referred to as
Q17: An ambiguity in a contract will not
Q18: Fraud in the inception exists when the
Q19: Generally,a mutual mistake does not allow either
Q20: Generally,mistake in value allows for rescission.
Q22: A plaintiff in a fraud case must
Q23: Under which of the following circumstances can
Q24: Where two parties contract for the purchase
Q25: Which of the following apply to contracts
Q26: When both parties are mistaken as to
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