Suppose you offer your car for sale. Your car was submerged up to the windows in a flood three years ago, but the car currently seems to be operating fine for you. A potential buyer asks you, “Has your car ever been in an accident?” If you say “no,” have you committed a misrepresentation? What must happen for a fraudulent representation to occur? Suppose the person instead asks you “Has your car ever been damaged?” What other types of misrepresentation are there? If a potential buyer does not ask you any questions regarding the condition of your car, must you voluntarily disclose that your car has been in a flood? Should you? Could a misrepresentation occur by remaining silent? Would this person be able to rescind a contract due to a misrepresentation or mistake?
Suppose you offer your car for sale. Your car was submerged up to the windows in a flood three years ago, but the car currently seems to be operating fine for you.
A potential buyer asks you, “Has your car ever been in an accident?” If you say “no,” have you committed a misrepresentation? What must happen for a fraudulent representation to occur?
Suppose the person instead asks you “Has your car ever been damaged?” What other types of misrepresentation are there?
If a potential buyer does not ask you any questions regarding the condition of your car, must you voluntarily disclose that your car has been in a flood? Should you? Could a misrepresentation occur by remaining silent?
Would this person be able to rescind a contract due to a misrepresentation or mistake?
Trending now
This is a popular solution!
Step by step
Solved in 6 steps
