Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

multiple choice questions Rick is 28 years old and a new homeowner. He is looking to sell his car and tells his friends and neighbours

multiple choice questions

image text in transcribed
Rick is 28 years old and a new homeowner. He is looking to sell his car and tells his friends and neighbours that he is looking to sell the vehicle. His neighbor, Emmett approaches him with an offer to buy his car. He says that he will pay twice the value of the vehicle and presents Rick with a contract to sign. Emmett says, you can trust me that all of the terms we discussed are in the agreement. Rick agrees and signs the contract. However, the contract did not deal with the sale of the car. It was a contract to sell Rick's house at a very low price. O This is Fraudulent Misrepresentation. It will not be binding. O This is an example of the need to read every contract. Rick signed the agreement and is bound to its terms. O Undue Influence applies. It will not be binding. O Hyper est Dictum states that you must read the terms of the agreement and if you do not, you will always be bound to its terms. O Non East Factum states that Rick will likely not be held to the contract

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Law questions

Question

1. Build trust and share information with others.

Answered: 1 week ago