At the time a buyer was negotiating the purchase of a lot on which to build a new home, the seller represented that the soil was firm enough to support the construction of a

building when, in fact, the seller knew it was not. This contract is

a. voidable by neither party because no harm was done yet.

b. void.

c. voidable by the seller because of the mistake.

d. voidable by the buyer because of fraud.

Question

Business

Lana Suarez

5 October, 12:50

At the time a buyer was negotiating the purchase of a lot on which to build a new home, the seller represented that the soil was firm enough to support the construction of a

building when, in fact, the seller knew it was not. This contract is

a. voidable by neither party because no harm was done yet.

b. void.

c. voidable by the seller because of the mistake.

d. voidable by the buyer because of fraud.

+3

Answers (1)

Know the Answer?

Kobe Gamble · Answer 1

d. voidable by the buyer because of fraud.

Explanation:

A voidable contract is a formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. Reasons that can make a contract voidable include the following:

Failure by one or both parties to disclose a material fact

A mistake, misrepresentation or fraud

Undue influence or duress

One party's legal incapacity to enter a contract

One or more terms that are unconscionable

A breach of contract