Misrepresentation in contract law
A) is the actual assertion of fact which does not relate to the contract.
B) is concerned with what surrounds the contract's formation, not with terms.
C) is presumed negligent unless proven innocent.
D) requires rescission if title has been lost in a land transaction.
E) usually renders contract voidable at option of victim.

Question

Quizplus · Accepted Answer

Misrepresentation in contract law usually renders the contract voidable at the option of the victim, meaning that the victim has the right to set aside the contract or seek damages. Misrepresentation can occur when a party makes a false statement of fact or fails to disclose material information that would have affected the other party's decision to enter into the contract. It is a type of fraud that goes to the core of the contract, as opposed to mere puffery or sales talk. Therefore, the best choice is E.

Misrepresentation in Contract Law