Question
Colleen sold a house to Ben for $300,000. Before selling the House, Colleen forgot to tell Ben about a leaky faucet in a little-used sink
Colleen sold a house to Ben for $300,000. Before selling the House, Colleen forgot to tell Ben about a leaky faucet in a little-used sink in the basement, which would cost about $30 to fix. Ben inspected the house, but didn't notice the faucet. Later, Ben wanted to rescind the deal on the basis of fraud or misrepresentation because of the leaky faucet. Which of the following is the best reason why Ben cannot rescind?
Because Ben's did not rely on any false statement. INCORRECT
Because the condition of the faucet is not material to the contract.
Because Colleen did not conceal the condition of the faucet.
Because Colleen made no statement about the faucet. INCORRECT
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started