Multiple Choice
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
Correct Answer:
Verified
Q69: Intentional misrepresentation is commonly referred to as
Q70: Mark was shopping for a used car
Q71: The threat to bring a legitimate criminal
Q72: Nancy was shopping for a new car
Q73: Where a party was given a document
Q74: The owner of a dance studio tells
Q75: Donald is looking at a new Porsche
Q77: John was the oldest of three boys.John's
Q78: Fraud in the inception exists when the
Q79: The knowledge that a misrespresentation is false