Please read the following fact patterns and address all four of the questions. Only discuss relevant issues! I am not as interested in your outcome (who will end up winning) as I am in how you use the law to support your points. Base your answer only on facts given. If additional information is needed, tell me that. Your answers should be about 200 words, in APA format, and are due by midnight on November 19. Then by November 22 respond to at least three of your classmates’ answers substantially.
Peter, while trying to sell his house to Jasper, was asked if he had ever seen or suspected termites in the house. Peter replied that he had not, and that the house was sound. Several months after Jasper had purchased the house, she learned from neighbors that Peter had paid for soil treatment to eliminate termites.
a. Can the contract for sale be canceled because of fraud?
b. Was there a misstatement of a material fact?
c. Did Jasper suffer a loss as a result of Peter’s actions?
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