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Question
Pamela is planning to sell her home decorating store to her daughter. Pamela has:a. a greater duty to reveal problems in the business because her daughter assumes she will be honest.
b. no duty to disclose hidden defects in the business.
c. a lesser duty to reveal problems in the business because she has a relationship of trust with the buyer.
d. a duty to report only any latent defects she knows about that her daughter should not be expected to discover herself.
Answer
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Related questions
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a. be successful only if they can prove that the car manufacturer knew of the defect and failed to correct it.
b. be successful only if they can prove that the car manufacturer failed to use reasonable care in designing, manufacturing, or warning the purchasers about intended uses and foreseeable misuses.
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b. Incomplete contracts.
c. Ambiguous contracts.
d. All of the above.
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Which of the following is NOT a true statement about fraud?
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b. It is necessary for the plaintiff to show that he or she has suffered some type of detriment or injury because of his or her reasonable reliance on the defendant's false statement.
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d. The plaintiff must show that although the defendant acted in good faith, the statement was material because the defendant expected the plaintiff to rely on it and enter into the contract.
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Which of the following situations may render a contract voidable?
a. A mistake made by both parties.
b. A party was unduly influenced by the other.
c. A party signed the contract under duress.
d. All of the above.
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b. Food.
c. Medical expenses.
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Both fraudulent AND innocent, misrepresentation permit the injured party to rescind a contract.