Question 7 Marks: 1 Samantha entered a one-year written rental agreement with Northridge Properties, Inc. The rent for her apartment was 1,000 per...
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Question 7

Marks: 1 Samantha entered a one-year written rental agreement with Northridge Properties, Inc.

The rent for her apartment was 1,000 per month. After four months, Samantha moved out, although the apartment remained habitable and in good repair. The apartment was vacant for two months, after which time Northridge Properties rented it to Pablo for 1,000 per month for the following six months. Under these circumstances:

 a. Samantha owes Northridge Properties, Inc. 8,000sinceshebreachedthe

contract.

b. Samantha owes Northridge Properties, Inc. nothing since she did not breach the

contract.

c. Samantha owes Northridge Properties, Inc. 2,000 since that was it sactual loss

resulting from her breach, provided that Northridge Properties acted in good faith in

tyring to re-rent the apartment after Samantha moved out.

d. Samantha owes Northridge Properties, Inc. 10,000sincethatwastheiractualloss

resulting from her breach.

Question 8

Marks: 1 Linda makes the following statements while negotiating the sale of her home, "This is the most beautiful home in the area, and I hope property taxes will not go up for the next five years." Linda's statements may support an action for:

a. fraud.

b. misrepresentation.

c. fraud and misrepresentation.

d. None of the above is correct.

Question 9

Marks: 1 Bill has decided to sell his car, but he knows that the radiator leaks. He pours "Stop Leak" into the radiator, which temporarily prevents the leak. Bill does not tell the buyer about the radiator problem. Bill's action:

a. is equivalent to making an untrue assertion.

b. is not the concealment of a fact

c. is likely an innocent misrepresentation.

d. is not actionable but may be considered unethical.

Top Answer

Question 7 Answer is c. Samantha owes Northridge Properties,... View the full answer

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