Which of the following is true of the remedies for misrepresentation and fraud?
A)All states allow a victim of fraud to rescind and sue for damages.
B)A person can claim punitive damages for fraud under the tort of misrepresentation.
C)The contractual remedy for innocent misrepresentation is rescission.
D)Ratification enables the right to rescind a contract.

Question

Quizplus · Accepted Answer

The contractual remedy for innocent representation as well as fraudulent representation is rescission.A person who commits fraud may be liable for damages,possibly including punitive damages for the tort of deceit.In some states,a person injured by fraud cannot rescind the contract and sue for damages.Ratification ends the right to rescind.

Which of the Following Is True of the Remedies for Misrepresentation