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Midterm review, Remedies, Formation of a Contract, Termination of Contract…

- - - - That person was careless because they did not check the truth of their statement
        
        The person was induced to enter the contract thanks to the statement
        
        Compensatory Damages
        
        Recision
        
        The Statement of Material Fact
    - - Both did reasonable efforts to check their statements for truth
        
        The person was induced to enter the contract thanks to the statement
        
        Recision
    - - You deliberate mislead
        
        Its hard to prove, its better to use Negligent Misrep, this can be followed in a tort of deceit
        
        Compensatory Damages
        
        Recision
        
        Return the parties to the point where everything started (return the car, get the money back)
- - - - Repudiate contract
      - sue for damages
  - - - You cannot repudiate
      - sue for damages
- - - - The contact cannot start