A buyer consented to purchase a property, but his consent was induced by fraudulent statements made by the seller's broker. The buyer's purchase agreement would be:
A. valid
B. voidable
C. void
D. illegal
Answer: B. voidable
Explanation: If a party is induced by fraud to enter into a contract, that contract is voidable. This means that the defrauded party may rescind the contract or proceed with it. The other party must abide by whichever decision the defrauded party makes.
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