Exam 14: Mistakes, Fraud, and Voluntary Consent

A mistake in value will usually enable a party to a contract to avoid it.

(True/False)

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Question 81

Ben, an accountant, certifies several audit reports on Corporate Business, Inc. (CBI), Ben's client, knowing that CBI intends to use the reports to borrow money from Delta Credit Company. Ben believes that the reports are true and does not intend to deceive Delta, but does not check the re?ports before certifying them. Can Ben be held liable to Delta?

(Essay)

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Question 82

Gina induces Hu to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features. When Hu discovers the truth, Hu can

(Multiple Choice)

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Question 83

Local Investment Company and Midstate Properties, Inc., contract for the sale of a retail mall. A mutual mistake of fact will make it possible for ei?ther party to rescind the contract

(Multiple Choice)

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Question 84

Showing 81 - 84 of 84

Exam 14: Mistakes, Fraud, and Voluntary Consent

A mistake in value will usually enable a party to a contract to avoid it.

Gina induces Hu to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features. When Hu discovers the truth, Hu can

Local Investment Company and Midstate Properties, Inc., contract for the sale of a retail mall. A mutual mistake of fact will make it possible for ei?ther party to rescind the contract

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