Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TRUE or FALSE: The law draws a sharp distinction between innocent misrepresentations and fraudulent misrepresentations. If you ( the seller ) intended to misrepresent important

TRUE or FALSE: The law draws a sharp distinction between innocent misrepresentations and fraudulent misrepresentations. If you (the seller) intended to misrepresent important aspects of your goods to a potential purchaser, then you've committed a fraudulent misrepresentation, and the purchaser may avoid the contract (that is, he'll be able to ignore / get out of the contract, and you won't be able to successfully sue him). However, consistent with notions of fairness and ethics, if you committed the misrepresentation innocently (for example, you relayed important incorrect information about the goods that you honestly and reasonably believed was true), the purchaser cannot avoid the contract.
image text in transcribed

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

Ethics Theory and Contemporary Issues

Authors: Barbara MacKinnon, Andrew Fiala

8th edition

9781305162846, 1285196759, 1305162846, 978-1285196756

More Books

Students also viewed these General Management questions