Ask Question
BusinessBusiness
29 March, 23:06

Through fraudulent means, Finlay induces Ethel to sign a contract to in-vest with him the profits from her business. When Ethel learns the truth, she may

+2
Answers (1)
  1. 29 March, 23:48
    0
    Rescind the contract

    Explanation:

    Fraudulent action of Finlay leads the contract to become unenforceable. It's a valid yet a defective contract between two parties. Thus, Ethel has the right to rescind the contract wherein she is not interested in the first place in the absence of Finlay's deception. The court cannot compel Ethel to perform the agreement in the contract due to its defect. Yet Ethel can still cure the defect of the contract despite of the fraud and still exercise her rights towards profit of the business as stated in the contract they had.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Through fraudulent means, Finlay induces Ethel to sign a contract to in-vest with him the profits from her business. When Ethel learns the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Marigold Corp. sold goods with a total selling price of $809,700 during the year. It purchased goods for $390,100 and had beginning inventory of $66,800. A count of its ending inventory determined that goods on hand was $59,000.
Answers (1)
Suppose Darnell would like to use $4,000 of his savings to make a financial investment. One way of making a financial investment is to purchase stock or bonds from a private company.
Answers (1)
Paul has just finished entering adjustments to the trial balance he prepared for the current accounting period. What is the most likely explanation for Paul making these adjustments?
Answers (1)
MLS Construction LLC asked MD Drilling and Blasting Inc. to do rock drilling and blasting work required for an excavation project. MD had previously done work for MLS but had not been fully paid.
Answers (2)
What are the two main forces that underlie the globalization of markets and production?
Answers (1)
New Questions in Business
Hugh buys a new calculator for $125 from the PaperMills stationery store. A week later, he sees an ad from another stationery store, StationMax, selling the same calculator for $65.
Answers (1)
New seasons market, a locally owned and operated one-stop grocery store based in portland, oregon is committed to providing local products for its particular customer base.
Answers (1)
In 2010, the FTC added all of the following recommendations to its privacy guidelines except: A. firms should increase the transparency of their data collection. B.
Answers (1)
Simon, a trainer, meets with his team to discuss the possibility of senior engineers training the new engineers.
Answers (1)
Although horses were once a very important factor of production, the development of automobiles and other machinery reduced the demand for their use. This is an example of: a higher prices of substitute factors shifting demand for horses to the left.
Answers (1)
Home » Business » Through fraudulent means, Finlay induces Ethel to sign a contract to in-vest with him the profits from her business. When Ethel learns the truth, she may
Sign Up Forgot Password?