Today, a majority of courts permit a rescission of a contract for negligent or innocent misrepresentation, provided that all the remaining elements of fraud are present and the misrepresentation is material.

Question

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This statement is true. Many courts allow rescission of a contract if there has been a negligent or innocent misrepresentation, but only if all other elements of fraud are present and the misrepresentation is significant.

Today, a Majority of Courts Permit a Rescission of a Contract