Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X sells a house to Y for $300,000. Before selling the house, X forgets to tell Y about a broken door handle on the back
X sells a house to Y for $300,000. Before selling the house, X forgets to tell Y about a broken door handle on the back door that will need to be replaced (which would cost about $30 to fix). Y inspected the house, but just didn't notice the door handle. Later, Y wants to rescind the deal on the basis of fraud or misrepresentation because of the broken door handle. Which of the following is the best reason why Y will not be able to rescind? O Because Y didn't make an express misstatement regarding the faucet, but merely said nothing. O Because Y's failure to notice the leaky faucet means that he did not justifiably rely on X's "misstatement." Because X's failure to disclose the condition of the faucet is not material O Because X didn't do anything to actively hide the leaky faucet
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