With a misrepresentation of law,the innocent party cannot generally rescind the contract,because each party to a contract is assumed to know the law that applies to the transaction.
Correct Answer:
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Q19: A mutual mistake of value results in
Q20: A party may not rescind a contract
Q21: In general,when one party who is not
Q22: Intent to deceive is also called scienter.
Q23: Contracts involving fraud in the inception are
Q25: Contracts involving fraud in the inducement are
Q26: Fraudulent misrepresentation requires that the intent to
Q27: Fraud in the inception is also known
Q29: Usually,a misrepresentation of law is not actionable
Q70: Fraud in the inducement is also known
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