Victims of misrepresentation who have affirmed the contract are bound by the affirmation and cannot later insist on
A) rescission.
B) remedies.
C) breach.
D) original positions.
E) quantum meruit.

Question

Quizplus · Accepted Answer

When a victim of misrepresentation affirms the contract, they are essentially accepting the contract in its misrepresented form, thereby waiving their right to rescind (cancel) the contract later. Rescission is a remedy that allows the contract to be set aside as if it never existed, but affirmation negates this option.

Victims of Misrepresentation Who Have Affirmed the Contract Are Bound