Which of the following is true regarding Willy's rights in regards to the ring purchase?
A) He will not be able to rescind the contract because Weaver did not make an express false statement regarding the ring.
B) He will not be able to rescind the contract because Weaver did not know the ring was a fake when the initial agreement was made.
C) He will not be able to rescind the contract unless he can prove that Weaver was at least negligent in not realizing the ring was a fake when the initial agreement was made.
D) He will be able to rescind the agreement because Weaver was guilty of duress.
E) He will be able to rescind the agreement because Weaver was guilty of fraudulent misrepresentation.

Question

Quizplus · Accepted Answer

For fraudulent misrepresentation to be the basis for a contract rescission, the statement of fact need not be an actual assertion. It can also be an act of nondisclosure. Nondisclosure has the same effect as an actual false assertion when there is failure to correct assertions of fact that are no longer true.

Which of the Following Is True Regarding Willy's Rights in Regards