Business Law Ch14 Part I Question Preview (ID: 24574)
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Misrepresentation of a material fact cannot occur through conduct alone.
a) false
b) true
c)
d)
Misrepresentation of a material fact cannot occur through words alone.
a) false
b) true
c)
d)
Reformation is a remedy in which the terms of a contract are altered to reflect the true intentions of the parties.
a) true
b) false
c)
d)
Reliance on a expert’s statement of opinion will normally enti¬tle a party to relief.
a) true
b) false
c)
d)
A statement of opinion is generally subject to a claim of fraud.
a) false
b) true
c)
d)
Misrepresentation of a material fact is an element of fraud.
a) true
b) false
c)
d)
A mistake of fact cannot be unilateral.
a) false
b) true
c)
d)
What is the diameter of Earth?
a) 8000 Miles
b) 16000 Miles
c)
d)
A contract is always enforceable even if one party is aware that the other party made a mistake of fact.
a) false
b) true
c)
d)
Forcing someone to enter into a contract through fear created by threats is duress.
a) true
b) false
c)
d)
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