Ken, who is not a real estate broker, sells Global Associates some land. Which of the following
Question:
Ken, who is not a real estate broker, sells Global Associates some land. Which of the following statements by Ken, with the accompanying circumstance, would be a fraudulent misrepresentation in that sale?
a. “This acreage offers the most spectacular view of the valley.” From higher up the mountain, more of the valley is visible.
b. “You can build an office building here.” The county requires the property to be exclusively residential, but neither Ken nor Global knows that.
c. “This property includes ninety acres.” Ken knows it includes only eighty acres.
d. “The value of this property will triple in five years.” Ken does not know whether the value of the property will triple in five years.
Step by Step Answer:
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell