Question

9. If a person obtains property as a result of another's fraud, misrepresentation, mutual mistake, undue...

9. If a person obtains property as a result of another's fraud, misrepresentation, mutual mistake, undue influence, or duress, the person is said to hold only

A. voidable rights.

B. insured rights.

C. contract rights.

D. valid rights.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A) answer = voidable rights

Explanation:

For a contract to be valid , free consent of the parties to the contract is required . Consent may be invalid if it is obtained with fraud, misrepresentation, mutual mistake, under influence, coercion, in such cases the contract becomes void and thus the person is said to hold voidable rights. A contact also become void if it lack any essentials of a valid contract

I have given complete and detailed solution of your problem, in case of any query you can comment and

PLEASE DO GIVE POSITIVE RATING

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
QUESTION 32 A deliberate misrepresentation of a material fact with intent to induce another person to...
QUESTION 32 A deliberate misrepresentation of a material fact with intent to induce another person to enter into a contract -- and on which the person reasonably relies and does enter into a contract that is injurious to that person -- is defined in the legal community as: (A) Fraud. (B) Duress. (C) Materiality. (D)  Puffery. QUESTION 33 The law enforces all promises, therefore, all promises are contracts. True or False QUESTION 34 A civil wrong not arising from a breach...
70. The primary distinction between an action based on innocent misrepresentation and an action based on...
70. The primary distinction between an action based on innocent misrepresentation and an action based on common law fraud is that, in the former, a party need not allege and prove: A. that there has been a false representation. B. the materiality of the misrepresentation. C. reasonable reliance on the misrepresentation. D. that the party making the misrepresentation had actual or constructive knowledge that it was false. 71. In which of the following cases can the remedy of rescission be...
Property Management Inc (PMI), presents a standard-form lease for an apartment to quentin, a potential tenant....
Property Management Inc (PMI), presents a standard-form lease for an apartment to quentin, a potential tenant. PMI offers it on a take-it-or-leave-it basis. Quentin signs it, but later wants to withdraw from it. He is most likely to avoid enforcement of the lease on the ground of a. economic duress b. undue influence c. unconscionability d. mistake
Business Law Suppose you entered a contract to buy your friend's iPad. Without your knowledge, it...
Business Law Suppose you entered a contract to buy your friend's iPad. Without your knowledge, it was malfunctioning at the time you bought it, and—soon after you started using it—was completely useless. You are able to prove that your friend knew about the malfunction, concealed it from you on purpose, and you reasonably relied on his presentation to you regarding its proper functioning because he works for Apple designing iPad components. Thus, you are able to prevail on a claim...
business law 1. Assume Eric enters a contract under each of the following circumstances. Which of...
business law 1. Assume Eric enters a contract under each of the following circumstances. Which of them is void, rather than voidable? Doug grabs Eric's hand and physically compels him to sign a contract to buy his dog. Doug lies and tells Eric that his dog is a purebred, when it is actually a mutt, inducing Eric to buy the dog. Doug and Eric both believe that Eric is buying a breeding dog, when the dog is actually infertile. Doug...
Provisions within a life contract address specific areas of the contract, and they are designed to...
Provisions within a life contract address specific areas of the contract, and they are designed to protect the insured, the insurer or both. Which of the following statements is INCORRECT regarding standard life insurance contract provisions? a. The spendthrift clause establishes that beneficiaries have no ownership rights while the owner is alive and that policies and cash values are exempt from creditor claims. b. If the insured allows the life contract to lapse, then reinstatement requires evidence of insurability and...
QUESTION 1 A contract induced by improper threats or undue influence is void. True False 1...
QUESTION 1 A contract induced by improper threats or undue influence is void. True False 1 points    QUESTION 2 A contract made by a person under guardianship is voidable. True False 1 points    QUESTION 3 A contract with a minor remains in force unless the minor decides that he or she does not wish to be bound by it. True False 1 points    QUESTION 4 A person who was intoxicated at the time he made a contract...
40. Does a counter proposition enjoy the same rights of withdrawal (before acceptance) as the original...
40. Does a counter proposition enjoy the same rights of withdrawal (before acceptance) as the original offer to purchase? A. Yes, it is a new offer                                                                                 C. Only after 3 days B. No, it was rejected by the seller                                                      D. Only after 5 days                                                                            41. Mary just listed her neighbor’s property. What kind of contract does her brokerage have with them? A. Listing agreement                                                     C. Contract for deed B. Buying agreement                                                 D. Installment contract 42. Who are the principal...
The differences & similarities between the federal & state court systems. 2. The structure of the...
The differences & similarities between the federal & state court systems. 2. The structure of the Washington state court system; i.e. the trial court of general jurisdiction, the intermediate appellate court, the state supreme court. 3. Remember, Washington is in the 9 th Circuit Court of Appeals. 4. Under both the Washington state and federal court system, there is one appeal as of right. Appeals to the Washington Supreme Court(in the state system), or to the U.S. Supreme Court in...
INTELLECTUAL PROPERTY  Industrial property forms part of the broader concept of "intellectual property."  The...
INTELLECTUAL PROPERTY  Industrial property forms part of the broader concept of "intellectual property."  The objects of intellectual property are the creations of the human mind, the human intellect hence the expression "intellectual" property.  In a somewhat simplified way, one can state that intellectual property relates to pieces of information which can be incorporated in tangible objects at the same time in an unlimited number of copies at different locations anywhere in the world.  The property is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT