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JANUARY 31, 2009 BUSINESS LAW CHAPTER 9 DEBRA BARONE 1. Yes. The salesperson stated that there were no prior wrecks but he did not know whether that statement was true or false. But he made the statement as if it were true. The conduct constitutes fraud. 2. Yes she can avoid the contract in some states and some she can not. Either way she must pay for the damages. 3. Paden was to examine the property, and since Paden did not identify these defects as required by the sales agreement, he took the property "as is". The wooden foundation, electrical problems, and bat infestation, these defects could have easily been found by Paden if he did indeed inspect the property prior to closing. 4. It is not considered duress if High-Tech could have borrowed the money somewhere else. 5. Bell could void his contract of employment because he is a minor. However, he does not have the right to compete or harm Pankas. 6.
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This note was uploaded on 04/22/2011 for the course FINANCE BUSINESS L taught by Professor Daviddubois during the Spring '09 term at SUNY Empire State.

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