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A contract written exclusively by one party and presented to the other party on a take-it-or-leave-it basis is an adhesion contract.
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Cartier, an accountant, convinces his client Bianca to sign a contract to invest her savings in a nonexistent social-networking Web site. When Bianca learns the truth, she can
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Nero makes an honest but erroneous statement that misrepresents a material fact in a contractual transaction with Odell. Nero is guilty of
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Sylvia creates a profile for Today’s Date, Inc., an online dating service. She exaggerates her appealing features and posts a photo of her friend Uva, whom Sylvia thinks is prettier. Enticed by the profile, Van subscribes to the service so that he ca
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Bret is convicted of arson for burning down his warehouse to collect the in-surance. On an application for insurance from Cover-All Insurance Company on a new building, in answer to a question about prior convictions, Bret does not disclose his convi
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Economic need generally is sufficient to constitute duress.
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
May is a stockbroker. Due to May’s statements, Nora believes that the price of OK Goods, Inc. (OKGI), a widely traded stock, is going to in¬crease sub¬stantially. Nora buys 500 shares of OKGI at $10 per share, but the price soon drops to $2. Nora can
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
Moore Properties Inc. offers to sell land for $112,000. A customer agrees to buy the land at that price, but discovers the price should have been $121,000. Moore's misstatement of the price is:
true
rescind the contract to invest in the Web site.
voidable by Cover-All because the omission is material to its decision to issue coverage.
false
nothing
innocent misrepresentation.
fraud
a unilateral mistake
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