Which of the following is/are available to a party who was misled by a false statement contained in an innocent misrepresentation?
A)Rescission of the contract only
B)Compensatory damages and rescission of the contract
C)Punitive damages,compensatory damages,and the right to rescind the contract
D)Exemplary damages,compensatory damages,and the right to rescind the contract
E)Nominal damages only

Question

Quizplus · Accepted Answer

Innocent misrepresentations permit the party that was misled by the false statement to rescind the contract.However,because the party that made the false statement had no intent to mislead,the aggrieved party cannot sue for damages.

Which of the Following Is/are Available to a Party Who