University of C filed a suit against Person J on behalf of the balance of teaching fee he payable the university. Person J counter demanded for money due to university C’s fake misrepresentations. Person J claims that, university C fraudulently distorted that it will teach truth, character, wisdom, virtues and qualities. Person J claims that, university C’s failure to encounter its promises created over its quotations constituted deceit. To discuss: The decisions regarding fraudulent misrepresentation of university C.

Question

Want to see the full answer?

Answer 1

Question

Chapter 11, Problem 14CP

Summary Introduction

Case summary:

University of C filed a suit against Person J on behalf of the balance of teaching fee he payable the university. Person J counter demanded for money due to university C’s fake misrepresentations. Person J claims that, university C fraudulently distorted that it will teach truth, character, wisdom, virtues and qualities. Person J claims that, university C’s failure to encounter its promises created over its quotations constituted deceit.

To discuss: The decisions regarding fraudulent misrepresentation of university C.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Miguel, a 16-year old mechanic’s apprentice, borrowed $3,000 from his next door neighbour, Jono, by telling him that he was 20 years old and had a good, stable income. The loan was payable in three equal fortnightly payments. After the first payment, Miguel stopped paying Jono. Jono wanted to bring a legal action against Miguel but when he discovered his real age, he decided instead to initiate an action in tort for deceit against the latter. Will Jono likely be successful in his action in tort for deceit against Miguel? Explain please.

In 2012, Angela took out a $15,000 loan against the cash surrender value of her whole life insurance policy. The funds were required to help pay for remodeling and redecorating her home. As a consequences of taking out the loan Angela had to report $3,000 of policy gain in 2014. She repaid $5,000 of the loan at the end of 2015, as well as paying the $600 of loan interest due for the year. What were the tax consequences to Angela and the policy as a result of the 2015 payments? A. She will be able to deduct $5,600 from her taxable income for 2015 ad the ACB of the policy will increased by $2,000. B. She will be able to deduct $3,000 from her taxable income for 2015 and the ACB of the policy will increase by $2,600. C. She will not be able to claim any deduction from her taxable income for 2015 and the ACB of the policy will increase by $5,650. D. She will be able to deduct $3,600 from her taxable income for 2015 and the ACB of the policy will increase by $2,000

While in her second year at the Juilliard School of Music in New York City, Ann Rylands had a chance to borrow for one month a rare Guadagnini violin, made in 1768. She returned the violin to the owner in Philadelphia, but telephoned her father to ask if he would buy it for her. He borrowed money from his pension fund and paid the owner. Ann traveled to Philadelphia to pick up the violin. She had exclusive possession of the violin for the next 20 years, using it in her professional career. Unfortunately, she became an alcoholic, and during one period when she was in a treatment center, she entrusted the violin to her mother for safekeeping. At about that time, her father died. When Ann was released from the center, she requested return of the violin, but her mother refused. Who owns the violin?