Which of the following is not a true statement about innocent misrepresentation?
A) False statement of fact
B) Intention to induce contract formation
C) Induced contract formation
D) The parties discover the fallacy after the contract is formed.
E) The contract is voidable

Question

Quizplus · Accepted Answer

Innocent misrepresentation involves a false statement of fact made by one party to another, which induces the latter into a contract, without the intention to deceive. The key aspect of innocent misrepresentation is the lack of intent to deceive, making option B incorrect as it implies an intention to induce contract formation, which aligns more with fraudulent misrepresentation.

Which of the Following Is Not a True Statement About