a(n. _____ is one that would be likely to induce a reasonable person to manifest his assent.
A) innocent misrepresentation
B) rescission
C) duress
D) misstatement of fact
E) material misrepresentation

Question

Quizplus · Accepted Answer

A material misrepresentation is a statement that is likely to induce a reasonable person to manifest their assent, but that is of a nature that could cause harm if relied upon. This type of misrepresentation is therefore considered fraudulent and can be grounds for rescission of a contract. Innocent misrepresentations, misstatements of fact, and duress may also impact the validity of a contract, but they do not necessarily involve the same level of deception or harm as a material misrepresentation.

A(n _____ Is One That Would Be Likely to Induce