Fraud & Misrepresentation ^^

What does rescission of a contract mean?

• The agreement is set aside, the parties returned to their original position

• Both parties are in the same position as if the contract had been completed

• Monetary compensation.

• A false statement of fact.

When a person is induced by fraud to enter into a contract, the contract is void.

• True

• False

A false representation was made by Bill Baxter to the owner.

• True

• False

Which of the following is not a type of misrepresentation in common law?

• Innocent Misrepresentation

• Negligent Misrepresentation

• Intuitive Misrepresentation

• Fraudulent Misrepresentation

When the owner said that the creek was permanent, it was a:

• Representation

• breach of contract

• duty of care

• False Representation

Who is liable for fraud under this contract?

• The Lawyer

• The Owner

• Bill Baxter

• Neighbour