Asked by Sarah Randolph on Apr 27, 2024
Verified
A party to a contract who seeks to rescind the contract because of that party's reliance on the unintentional but materially false statements of the other party will assert:
A) reformation.
B) actual fraud.
C) misrepresentation.
D) constructive fraud.
Unintentional
An action or outcome that occurs without a deliberate plan or purpose.
Materially False
Statements or representations that are significantly untrue or misleading, often in a legal or financial context.
Misrepresentation
The act of providing false or misleading statements that induce someone to enter into a contract.
- Identify the distinctions between concealment, nondisclosure, and misrepresentation in the context of contract law.
Verified Answer
PS
Patrycja SzymikMay 03, 2024
Final Answer :
C
Explanation :
Generally when there are unintentional but materially false statements by a party in a contract,the case will be considered to be one of misrepresentation.
Learning Objectives
- Identify the distinctions between concealment, nondisclosure, and misrepresentation in the context of contract law.
Related questions
In Some States,a Party Injured by Fraud Can Both Rescind ...
Misrepresentations Can Either Be Innocent or Fraudulent
Which of the Following Is Most Likely to Constitute a ...
Concealment Involves the Active Hiding of a Fact,whereas Nondisclosure Is ...
James Entered into a Contract to Sell His House to ...