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Alex_Xolod [135]
3 years ago
8

Joe sells his business to Shirley. During the negotiations, Joe negligently tells Shirley that the business has earned a profit

for the last five years. In reality, the business operated at a loss for each of those years. However, Shirley did not hear Joe's misstatement. Shirley cannot rescind the contract because:
Business
1 answer:
Dmitry [639]3 years ago
4 0

Answer:

"Shirley did not actually rely on Joe's misstatement" is the correct answer.

Explanation:

  • Reliance means that the individual adopts a way to proceed due to various his/her confidence in a statement that she has established.
  • For lack of understanding to occur, a causal relationship may well have been formed between some of the claims as well as the determination of the authority concerned to implement the arrangement.
  • Because Shirley wasn't really conscious that someone had presented an argument, there would be no dependency. Therefore, she can't extrapolate a rescission upon this.

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3 years ago
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