Question
1} The law of misrepresentation allows a contract to be voidable if evidence of material misrepresentation were present before the contract was agreed. In the
1} The law of misrepresentation allows a contract to be voidable if evidence of material misrepresentation were present before the contract was agreed. In the case of written contracts, it is common for a written term to exclude consideration of representations made before the contract was signed, pursuant to the parol evidence rule. Which one of the following is the correct statement of the relation between the parol evidence rule and the law of misrepresentation?
a.None of the above is a correct statement.
b.The parol evidence rule applies only in cases of a misrepresentation that amounts to nuisance.
c.Evidence of fraud, such as a fraudulent statement made before the contract was signed, allows the court to make an exception to the parol evidence rule.
d.The parol evidence rule overrules the law of misrepresentation.
e.A misrepresentation may result in a tort, in which case the aggrieved party must choose between contractual remedies or tort remedies but cannot have both.
2}Betty has purchased a new stereo system with a five-year parts and labour "guarantee" from MegaBigBox Supermart. She has also agreed to pay for the purchase by paying $100 per month until the purchase price ($2400) is paid in full. Betty has also agreed to a 0 percent interest finance rate. Betty has paid off the full amount after two years and immediately sells her stereo to Tony. Which one of the following exceptions to privity will allow Tony get repair work done by the original seller?
a.Tony has no right to repairs from MegaBigBox Supermart but Betty must pay for the repairs
.b.Beneficiary exception
c.Product liability
d.Insurance
e.Assignment of a contractual benefit
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