- 1 Marks
Question
A statement made by a party to a contract but with a request to the other party to verify the truth of the statement is:
A. Binding on the other party
B. A term of the contract
C. Not a term of the contract
D. A condition of the contract
E. A misrepresentation
Answer
C. Not a term of the contract
Explanation:
The correct answer is C because a statement made with a request for verification is not considered a term of the contract. It does not impose a binding obligation, as it is left to the other party to confirm its truth before reliance. If it turns out to be false, it may lead to issues of misrepresentation, but it is not an enforceable term in itself.
- Tags: Contract Law, Misrepresentation, Verification
- Level: Level 1
- Topic: Law of Contract
- Series: MAY 2013
- Uploader: Theophilus