Business Law Study Set 5
Quiz 13: Reality of Consent
Contracts That Are Induced by Misrepresentation Are Considered
Contracts that are induced by misrepresentation are considered: A) voidable. B) enforceable. C) material. D) fraudulent.
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A person who rescinds a contract is entitled to the return of what? A) Everything that person has given the other party B) 50% of the items that the person has given the other party C) 75% of the items that the person has given the other party D) Nothing is returned to the person from the other party
Which of the following ends the right to rescind a voidable contract? A) Acquiescence B) Ratification C) Concealment D) Assertion
One of the differences between fraud and misrepresentation is that: A) there is a requirement of materiality in fraud cases. B) in fraud cases,the injured party has the option of suing for monetary damages. C) misrepresentation requires scienter. D) a false statement of opinion cannot be the basis for a claim of misrepresentation.
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