Asked by

Carolina Ponce
on Nov 10, 2024

verifed

Verified

Often a party to a contract wants to avoid his obligations by arguing that the contract was entered into because of a mistake, misrepresentation, undue influence, or duress. Which of the following is false with regard to these areas of the law?

A) A buyer could not be awarded the equitable remedy of rescission if the seller honestly believed that his misrepresentation, which persuaded the buyer to buy, was true.
B) If a seller persuades a person to buy something by a fraudulent misrepresentation, the buyer could ask for rescission and/or damages for the tort of deceit.
C) A person can successfully argue non est factum and avoid his obligations under a contract only if he was misled about the very nature of the document and was not careless.
D) Independent legal advice given to a person who wants to give a gift to a dominant person (e.g., his doctor) is good evidence to rebut a presumption of undue influence.
E) Where, because of a mistake, a written document does not embody the unchanged term of the original oral agreement, a party to the contract could ask the court for the equitable remedy of rectification.

Rescission

The legal revocation, cancellation, or repeal of a contract, returning all parties to their state prior to the agreement.

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Fraudulent

Involving deceit, trickery, or breach of confidence, intended to gain an unfair or unlawful advantage.

  • Learn about the array of remedies provided for those impacted by misrepresentation and the particular conditions that necessitate each remedy.
  • Gain an understanding of the rescission process and its use in situations involving misrepresentation.
  • Understand the importance of certain facts and the sincerity of belief in influencing the verdict of cases involving misrepresentation.
verifed

Verified Answer

SG
Sarah GiordanoNov 16, 2024
Final Answer:
Get Full Answer