Which of the following statements is incorrect?
A)The difference between a representation and a term depends on the intention of the parties.
B)The test to distinguish a representation from a term is an objective one.
C)A representation that induces a party to enter a contract will be a term.
D)A representation that is not a term is not actionable in contract law.

Question

Quizplus · Accepted Answer

A representation that induces a party to enter into a contract does not automatically become a term of that contract. Whether a statement is considered a term or a representation depends on factors such as the importance of the statement to the parties, the timing of the statement, and whether the statement was included in the written contract.

Which of the Following Statements Is Incorrect