Question: Lund offered to sell Steck his car and told Steck that the car had been driven only 25,000 miles and had never been in an

Lund offered to sell Steck his car and told Steck that the car had been driven only 25,000 miles and had never been in an accident. Steck hired Carvallo, a mechanic, to appraise the condition of the car, and Carvallo said that the car probably had at least 50,000 miles on it and most likely had been in an accident. In spite of this information, Steck still thought the car would be a good buy for the price, so he purchased it. Later, when the car developed numerous mechanical problems, Steck sought to rescind the contract on the basis of Lund’s fraudulent misrepresentation of the auto’s condition. Will Steck be able to rescind his contract? Explain.

Step by Step Solution

3.34 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

No Steck was aware of the falseness of Lunds representations at the time Steck purchased the au... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

111-L-B-L-C (587).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!