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

Rescission and/or damages are the remedies available for fraudulent misrepresentation. Rescission allows the victim to declare the contract void and return to their original position before entering the contract. Damages, on the other hand, compensate the victim for any losses or harm suffered as a result of the misrepresentation. Rectification is a remedy for a mistake in a contract, not a misrepresentation. Damages alone may be awarded in cases of innocent misrepresentation, but not in cases of fraudulent misrepresentation.

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