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Can the contract for sale be canceled because of fraud

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Reference no: EM13874961

Peter, while trying to sell his house to Jasper, was asked if he had ever seen or suspected termites in the house. Peter replied that he had not, and that the house was sound. Several months after Jasper had purchased the house, she learned from neighbors that Peter had paid for soil treatment to eliminate termites.

a. Can the contract for sale be canceled because of fraud?

b. Was there a misstatement of a material fact?

c. Did Jasper suffer a loss as a result of Peter's actions?

d. Can Jasper sue for damages?

Reference no: EM13874961

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