Question: 9 Refer to Tutorial 7 (Week 9), Question 2: In January 2023, P buys a business from D for $1,600,000 on the basis of a

9 Refer to Tutorial 7 (Week 9), Question 2: "In January 2023, P buys a business from D for $1,600,000 on the basis of a contractual warranty (that D knew to be false at the time) that the business made profits of $2,000 a month. In actual fact the business was losing around $1,000 a month. In April 2023, P received advice from her accountant that the true market value of the business is only $400,000. In the same month, P visited her solicitor, her informed her of her right to rescind her contract with D. It is now September 2024, and P is frustrated with her inability to turn the business into a profitable venture. She has expended just over $250,000 on improvements to the business's facilities. Advise P." Which of the following provides an accurate legal explanation for P's likely difficulties in obtaining rescission of the agreement? Select all that apply. The roughly 21 month delay between the initial date of the contract and the date at which P seeks advice will be deemed unreasonable. The $250,000 that P has spent on improvements to the business will make it difficult for a court to achieve substantial restitutio in integrum. P first learned of the right to rescind in April 2023, and her subsequent conduct and delay in seeking redress may be taken to amount to affirmation of the contract. P will not be able to recover her actual losses from operating the business from D

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