Multiple Choice
What is the significance of requiring that a misrepresentation relate to a "material fact" in connection with a fraud in the inducement case?
A) The misstatement must relate to the substance that the item is made of.
B) The misstatement must have been a significant factor in the plaintiff's decision to enter into the contract, and cannot relate to an opinion or prediction.
C) The misstatement must have been a correct statement at some point in the past.
D) The misstatement can relate to any fact before or after the contract was formed.
E) The misstatement must not involve an issue of law.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The primary purpose of the Statute of
Q2: Contracts involving fraud in the inception are
Q3: Sam wants to sell his stereo system
Q5: Many state Statutes of Frauds require that
Q6: Bob,who has never liked Bill because years
Q7: Nondisclosure is a misrepresentation if it would
Q8: Mike hires Stephen to paint his house.The
Q9: The purpose of an integration clause in
Q10: A misrepresentation of law is allowed as
Q11: What is the purpose of the parol