With regard to the law concerning misrepresentation, which of the following is true?
A) The case law provides a remedy for a wildly exaggerated claim, such as "This is the best car ever built."
B) A statement of opinion can be a one-sided mistake.
C) A misrepresentation can be a false assertion of fact that induces (persuades) the party to contract, and need not be an assertion about a term of the contract.
D) For fraudulent misrepresentation, the buyer could ask only for the equitable remedy of rescission.
E) A buyer could not be awarded the equitable remedy of rescission if the seller honestly believed that the misrepresentation was true.

Question

Quizplus · Accepted Answer

Misrepresentation in law refers to a false statement of fact made by one party to another, which has the effect of inducing that party into a contract. It does not need to be about a term of the contract itself, but rather any assertion of fact that leads the other party to enter into the contract.

With Regard to the Law Concerning Misrepresentation, Which of the Following