Question: Question 4 (1 point} Janet Smith entered into a contract with Paul Duguay for the sale of Janet's gourmet pastry business for $100,000. in the

 Question 4 (1 point} Janet Smith entered into a contract with

Paul Duguay for the sale of Janet's gourmet pastry business for $100,000.

Question 4 (1 point} Janet Smith entered into a contract with Paul Duguay for the sale of Janet's gourmet pastry business for $100,000. in the negotiations leading up to the contract of sale, Janet told Paul that the business was capable of making in excess of $50,000 per year. Paul, who had done a lot of research on the pastry business was an enthusiastic buyer but despite his enthusiasm, the business did not make more than $35,000 per year. Paul wants to have the contract set aside. He sues Janet for misrepresentation. Which of the following is Janet's best defense in the action by Paul? O The difference between what Janet said the business was capable of making and what the business actually made was immaterial. O The sale of a business is a buyer beware situation. 0 Janet's statement was merely an expression of opinion, not a statement of fact Q As Paul did his own research, there was no reiiance on Janet's stamen in entering the contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Law Questions!