Element both for fraud and for misrepresentation

Reference no: EM13301820

1. Which of the following is a necessary element both for fraud and for misrepresentation?

A. A false statement

B. A hidden problem

C. A fiduciary relationship

D. The intent to deceive

2. Larry thinks the necklace owned by Samantha is worth a million dollars. Larry offers a million dollars to Samantha for the necklace, and she accepts. Later, Larry has the necklace appraised and learns it's worth only $10,000. Which of the following is true?

A. Samantha has the right to rescind the contract and have the necklace returned.

B. Larry can have the contract set aside on grounds of capacity.

C. Larry can't have the contract set aside on grounds of mistake.

D. Larry can have the contract set aside on grounds of mistake.

Reference no: EM13301820

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