Business, 18.12.2019 00:31 jojo10092003

Joe sells his business to shirley. during the negotiations, joe negligently tells shirley that the business has earned a profit for the last five years. in reality, the business operated at a loss for each of those years. however, shirley did not hear joe's misstatement. shirley cannot rescind the contract because:

a. joe's false statement was negligent rather than intentional.
b. joe's misstatement was not material.
c. shirley did not actually rely on joe's misstatement.
d. an untrue assertion of fact was made.

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Joe sells his business to shirley. during the negotiations, joe negligently tells shirley that the b...

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