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Harry finds an old stereo in his attic. He sells the stereo to Jake for $50 telling him that it is ...

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Harry finds an old stereo in his attic. He sells the stereo to Jake for $50 telling him that it is ...

Harry finds an old stereo in his attic. He sells the stereo to Jake for $50 telling him that it is fully functional, which Jake thinks is true. However, it turns out to be broken. Which of the following statements is true in this context?
A) Jake can sue Harry for fraud in the inducement.
B) Jake cannot rescind the deal but can sue Harry for fraud by concealment.
C) Jake can sue Harry for innocent misrepresentation.
D) Jake can rescind the deal but cannot sue Harry for innocent misrepresentation.

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Business Law

Edition: 9^th

Author: Cheeseman

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