A fraudulent misrepresentation that induces another person to enter into a contract can result in which of the following remedies?
A)Rectification
B)Rescission and/or damages
C)Rescission only
D)Damages only
E)There is no remedy available for fraudulent misrepresentation.

Question

Quizplus · Accepted Answer

A fraudulent misrepresentation is a false statement made with the intention of deceiving another person and inducing them to enter into a contract. If this misrepresentation is discovered, the innocent party may choose to rescind (i.e. cancel) the contract and seek damages for any losses suffered as a result of the fraudulent behavior. Therefore, choice B is the best answer as it includes both rescission and damages as potential remedies for fraudulent misrepresentation.

A Fraudulent Misrepresentation That Induces Another Person to Enter into a Contract