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18.Question 18Harinee is negotiating to sell her car to Sam. During negotiations, Sam asks Harinee whether the car has ever been damaged in an accident. Harinee says “absolutely not.” This is a lie. She was involved in a serious accident in which a passenger in her car was killed. After the accident she had the car completely repaired and the damage is not noticeable. Based on Harinee’s answer, Sam bought the car but later discovered the lie. Harinee has violated which of the following legal rules (select one):1 pointfiduciary dutyunconscionabilityfraudall of the abovetwo of the abovenone of the above

Question

18.Question 18Harinee is negotiating to sell her car to Sam. During negotiations, Sam asks Harinee whether the car has ever been damaged in an accident. Harinee says “absolutely not.” This is a lie. She was involved in a serious accident in which a passenger in her car was killed. After the accident she had the car completely repaired and the damage is not noticeable. Based on Harinee’s answer, Sam bought the car but later discovered the lie. Harinee has violated which of the following legal rules (select one):1 pointfiduciary dutyunconscionabilityfraudall of the abovetwo of the abovenone of the above

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Solution

Harinee has violated the legal rule of fraud. This is because she knowingly lied about the history of the car, which influenced Sam's decision to purchase it.

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41.Question 41Aashka is negotiating to sell her car to Juana. During the negotiation, Aashka tells Juana that someone else has offered to purchase the car for 5000. In fact, no one else has made an offer to purchase the car. Based on Aashka's statement, Juana agrees to purchase the car for 5200. If Juana later learns of Aashka's lie and decides to sue her: (select one):1 pointShe cannot recover damages for fraud because she should expect sellers to use this type of deception.She can recover damages because Aashka breached her fiduciary duty.She can recover her attorney fees from Aashka if she litigates the case in the United States and wins.all of the above.two of the above.none of the above.

17.Question 17Same facts as #16, except that Jessica files her lawsuit outside the US in a country that uses a "loser pays" rule. Instead of hiring her attorney on a contingency fee, she agrees to pay the attorney a fixed fee of 90,000. Based on a decision tree calculation, the value of Jessica’s litigation BATNA based on these revised facts is (select one):1 point200,000.155,000.115,000.110,000.70,000none of the above.18.Question 18Harinee is negotiating to sell her car to Sam. During negotiations, Sam asks Harinee whether the car has ever been damaged in an accident. Harinee says “absolutely not.” This is a lie. She was involved in a serious accident in which a passenger in her car was killed. After the accident she had the car completely repaired and the damage is not noticeable. Based on Harinee’s answer, Sam bought the car but later discovered the lie. Harinee has violated which of the following legal rules (select one):1 pointfiduciary dutyunconscionabilityfraudall of the abovetwo of the abovenone of the above

An injured buyer can recover consequential damages from a seller by showing that: ________.Multiple choice question.the seller knew (or should have known) she could have prevented damages by obtaining substitute goodsthe seller made (or should have made) profits out of the sales contractthe contract price is higher than the cost price of the substitute goodsthe seller knew (or should have known) the buyer would suffer damages if the seller failed to perform

If found to be untrue, which of the following statements made by a car salesperson to a potential buyer would constitute a misrepresentation that could render the contract unenforceable?"This car is accident-free and has had only one previous owner.""In my opinion, this car is the best value for your money.""The colour of the car matches your eyes—it's perfect for you!""You won't get a better deal anywhere else."

Vivian sells phony stock certificates to Michael to make a quick buck and pay off her loan shark. When Vivian’s scheme is revealed and Michael sues her, the court awards Michael $10,000 for the money he lost and an additional $5,000 to punish Vivian for her wrongdoing. What type of damages are the $5,000?Multiple ChoiceCompensatoryConsequentialLiquidatedNominalPunitive

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