Question
If the buyer of a business takes his decision to buy a business based on the representation of the seller of the business and did
If the buyer of a business takes his decision to buy a business based on the representation of the seller of the business and did not consult any expert on the matter, can the buyer later argue relying on a misrepresentation by the seller on the same subject, in case he incurs losses due to wrong representation of the seller?
Select one:
a.Buyer will always have a remedy against the seller for misrepresentation irrespective of the situation
b.Yes, the buyer was entitled to rely on the seller's representation regardless of what other information buyer has been given by any expert
c.Probably, if there was no express clause in the sales agreement requiring the buyer to consult and refer to a report by an expert on the matter
d.Probably not, because buyer should have consulted an expert and relied on the expert report, not the seller's statement
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