BUSA 690 Lecture Notes - Lecture 8: Rescission, Uberrima Fides, Parol Evidence Rule

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A contractual term is a promissory statement. Can be made by words or conduct. Actionable if it induces a contract by falsely characterizing the consequences of a law. Reeni was interested in purchasing a car. After searching the classified ads, she found a car in which she was interested, being sold by ethan whom she had never met. Ethan knew that his car was in need of new tires, a new muffler, and would soon need a new clutch and a brake job. Consequently, he was hoping that, when they met, reeni wouldn"t ask too many questions. When she wanted to go for a test drive, ethan gave her the keys and said that he trusted her to go alone and that doing so would allow her to test it in a less inhibited fashion. Really, he just didn"t want her to ask about any of the car"s problems.

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