The contract for an Oakville property had been signed by both parties. Which of the following is necessary for the contract to be set aside on the grounds of misrepresentation?
A) The misrepresentation must have been a False statement of a fact; False statements of opinion are never misrepresentations.
B) The misrepresentation must have been a term of the contract.
C) The misrepresentation must have induced the party to enter the contract.
D) The misrepresentation must have been in writing.
E) The misrepresentation must have been made recklessly or wilfully.

Question

Quizplus · Accepted Answer

For a contract to be set aside on the grounds of misrepresentation, the misrepresentation must have induced the party to enter into the contract. This means the party relied on the false statement when deciding to agree to the contract.

The Contract for an Oakville Property Had Been Signed by Both