Asked by Jaliyah Henderson on Apr 29, 2024
Verified
If a person obtains property as a result of another's fraud,misrepresentation,mutual mistake,undue influence,or duress,the person is said to hold only:
A) voidable rights.
B) contract rights.
C) insured rights.
D) valid rights.
Voidable Rights
Rights that may be legally nullified or voided under certain conditions, typically at the discretion of one of the parties involved.
Undue Influence
An improper use of power or trust in a way that deprives a person of free will and substitutes another's objective.
Mutual Mistake
A situation in contract law where all parties involved have a mistaken belief about a basic assumption on which the contract is based, potentially making the contract voidable.
- Comprehend the distinctions between auctions that incorporate a reserve and those that do not.
Verified Answer
AG
aliyah gutierrezApr 30, 2024
Final Answer :
A
Explanation :
If a person obtains property through any of the mentioned means, then their rights to that property are only voidable - meaning that they can be cancelled or voided. This is because the acquisition of property in such a manner is not legally binding or enforceable.
Learning Objectives
- Comprehend the distinctions between auctions that incorporate a reserve and those that do not.