Asked by Kierra Lewis on Jul 16, 2024
Verified
In entering into a contract with Marc for the sale of a cold storage warehouse, Nan fails to reveal the fact that the freezers do not consistently maintain a proper temperature. Most likely, this is fraudulent misrepresentation if
A) Nan is not aware of the fact.
B) the fact concerns the value or quality of the freezers.
C) the fact is a serious defect known to Nan but not to Marc.
D) any of the choices.
Fraudulent Misrepresentation
False statements made with the intent to deceive, often to induce another to enter into an agreement.
Proper Temperature
The ideal or required temperature conditions for a specific process, environment, or product to ensure safety, quality, or effectiveness.
Serious Defect
A significant flaw or deficiency in a product or property that adversely affects its safety or functionality.
- Absorb the essentials of fraudulent misrepresentation in the sphere of contract law.
Verified Answer
KS
Karanveer SinghJul 17, 2024
Final Answer :
C
Explanation :
Fraudulent misrepresentation involves knowingly making a false statement or concealing a fact that is material to the contract, with the intention that the other party relies on it. In this scenario, Nan's failure to disclose a serious defect in the freezers that she is aware of, but Marc is not, fits the definition of fraudulent misrepresentation.
Learning Objectives
- Absorb the essentials of fraudulent misrepresentation in the sphere of contract law.