Which of the following constitutes a misrepresentation that would not allow the courts to award the equitable remedy of rescission?
A) A man who contracted for an insurance policy did not state on the application form that he had been treated for cancer. He died from the cancer two months later.
B) The seller concealed the broken drawer of the desk from the buyer. He would not be able to see it until he got it home.
C) The seller was persuaded to buy the car by a misrepresentation that it had the fewest repairs of any car of its class. After the buyer learned of the truth, he kept the car for three weeks to get some benefit from it before taking it back.
D) The seller persuaded the buyer to buy the car by misrepresenting it as having just been serviced and passing emissions tests. Neither had been done, but the seller honestly believed both had been done.
E) None of the above.
C) The seller was persuaded to buy the car by a misrepresentation that it had the fewest repairs of any car of its class. After the buyer learned of the truth, he kept the car for three weeks to get some benefit from it before taking it back.
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Jennings Inc. just started a pension plan. The company has many long-term employees who are within 10 years of retirement. Which of the following will help Jennings provide more adequate retirement benefits to these workers?
a) Early distribution penalties b) Advance funding c) Past service credits d) Minimum vesting standards
A random number should be used when order of processing requires knowledge of the sequence in which items enter the system or the order in which events unfold
Indicate whether the statement is true or false