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