A seller unknowingly made a misrepresentation during negotiations to sell his car.Now that the seller is aware of the misrepresentation and the prospective buyer is returning to make an offer,what recourse is available to rectify the situation and accept the offer without risking an ensuing lawsuit?
A) The seller has no recourse; once information is offered,it must be completely accurate.
B) The seller can remain silent to secure the best price and plead mistake as a defence.
C) The seller should simply forego the deal with this buyer and look for a new buyer.
D) The seller must attend to the prompt disclosure of the correct facts to the prospective buyer.

Question

Quizplus · Accepted Answer

The seller must disclose the correct information to the prospective buyer to rectify the situation and avoid potential legal issues stemming from the initial misrepresentation. This ensures transparency and maintains the integrity of the transaction.

A Seller Unknowingly Made a Misrepresentation During Negotiations to Sell