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7. When Buster sold his store to Brandy, Buster lied and said that the store was very profitable. Brandy knew that Buster was lying but
7. When Buster sold his store to Brandy, Buster lied and said that the store was very profitable. Brandy knew that Buster was lying but bought the business anyway. Under these circumstances, Brandy will not have a fraud claim because: A. the false statement was not knowingly made. B. the false statement was not a statement of a past or existing fact. C. the false statement was not material. D. the false statement was not actually relied upon. 8. The court is less likely to grant relief in which of the following: A. a unilateral mistake where the non-mistaken party did not know or have any reason to know of the mistake B. a mistake in the drafting of a written contract. C. a unilateral mistake where the non-mistaken party is aware of the other party's mistake and says nothing. D. a mutual mistake about a fact material to a contract. 9. Linda is a nurse who became very friendly with Glenn, a sick and elderly patient. Glenn owned real estate worth millions, which he had planned to leave to his children. Linda persuaded Glenn to sell her the property instead for $ 10,000 by often telling him "'if your children cared for you at all they would visit more often." Which of the following theories would most likely let Glenn to rescind the contract? A. duress. B. misrepresentation. C. fraud. D. undue influence. 10. Eric submitted a bid to Johnson to perform work on a new house that Johnson was building. Eric was in a hurry to submit his bid and made a mathematical error that caused his bid to be substantially lower than those of the other bidding subcontractors. Johnson accepted Eric's bid and awarded him the subcontract for the work. Eric learned of the error and wants to rescind the contract. In this case: A. Eric will be able to rescind the contract because he made a mistake. B. the contract is void because of Johnson's fraud. C. Eric will be able to rescind the contract if Johnson had reason to know that Erie had made a mistake. D. Eric cannot rescind
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