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jekas [21]
3 years ago
13

Which of the following statements (if later established as untrue) would constitute a misrepresentation defense to contract form

ation? a. "You are going to love this house as we have." b. "The school system here is very fine." c. "This farm's well is adequate for household, ranch, and crop needs." d. "Our buyers are the happiest customers around."
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

c. "This farm's well is adequate for household, ranch, and crop needs."

Explanation:

In common law jurisdictions, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, which induces the other party to enter into the contract.

Only option C above reflects a statement that can be made during negotiation and would most likely induce the acquiring or renting party to enter the contract because it is a benefit on which the price of the property can be determined and buyers respond to perceived benefits.

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Answer:

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b. The first payment is received at the beginning of the first year, and interest is compounded annually.

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c. The first payment is received at the end of the first year, and interest is compounded quarterly.

present value = annual payment x PVIFA

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