The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Question
Chapter 26, Problem 3CT
Summary Introduction
Case summary: A person JS signed a contract to buy the house of a person HA. The person JS later discovered that the house is haunted. The person JS sued the person HA. The court dismissed the case.
To explain: The reason for applying the strict rule of caveat emptor by the court will be considered inappropriate.
Summary Introduction
Case summary: A person JS signed a contract to buy the house of a person HA. The person JS later discovered that the house is haunted. The person JS sued the person HA. The court dismissed the case.
To explain: Increase in the cost of the purchase by applying rule of caveat emptor.
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Check out a sample textbook solutionStudents have asked these similar questions
1. Life Company processes information furnished by others to transfer title to real estate from a seller to a buyer. In performing this task for a sale of land from Eren to Armin, the furnished information is mistaken.
The contract between Eren and Armin that includes the mistake may be rescinded if the mistake concerns
a. a detail on which the parties had a true “meeting of the minds.”
b. a fact that is important and central to the contract.
c. a third party, such as County Title.
d. a term in the contract subject to only one reasonable interpretation.
15. What is the contra proferentem doctrine?
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that most closely aligns with any legislated standard
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that best suits the party that did not draw up the contract
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that best suits the party that drew up the contract
It is a doctrine of interpretation stating that where a term is ambiguous the judge will apply the interpretation that most closely aligns with the contracts of other employees at the firm
Would it be constitutional for a court to refuse enforcement of all choice-of-court clauses today?
Chapter 26 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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