IIL Fred decides to buy a used 65-inch High-Definition television for $495 from Wilma, a neighbor who lives in the same building. Before the purchase Wilma tells Fred, 1. The television is wonderful, and is in great working condition. 2. The television has smart connectivity and that it is compatible to many streaming devices. 3. The television is 62 inches in length. Three days after buying the television, Fred learned the following about the television he had purchased; The television had a poor reputation and Fred found the reception to be of poor quality Wilma knew the television did not have smart connectivity and therefore was not compatible to streaming devices. The television was 60 inches long. As it turns out Fred knew the length of the television fit perfectly in the space where Fred placed the television (a) May Fred rescind the contract? Explain the legal basis of your answer and discuss separately and fully each of the three pieces of information numbered (1), (2) and (3). (15 credits) (b) Would your answer to part (a) be the same if Fred, after taking the television home, learning of the true facts and after using it for three months then attempts to rescind the contract? Fully explain your answer including what effect, if any, this would have on any remedies available to Fred. (10 credits) IIL Fred decides to buy a used 65-inch High-Definition television for $495 from Wilma, a neighbor who lives in the same building. Before the purchase Wilma tells Fred, 1. The television is wonderful, and is in great working condition. 2. The television has smart connectivity and that it is compatible to many streaming devices. 3. The television is 62 inches in length. Three days after buying the television, Fred learned the following about the television he had purchased; The television had a poor reputation and Fred found the reception to be of poor quality Wilma knew the television did not have smart connectivity and therefore was not compatible to streaming devices. The television was 60 inches long. As it turns out Fred knew the length of the television fit perfectly in the space where Fred placed the television (a) May Fred rescind the contract? Explain the legal basis of your answer and discuss separately and fully each of the three pieces of information numbered (1), (2) and (3). (15 credits) (b) Would your answer to part (a) be the same if Fred, after taking the television home, learning of the true facts and after using it for three months then attempts to rescind the contract? Fully explain your answer including what effect, if any, this would have on any remedies available to Fred. (10 credits)
