Which of the following is true regarding the effect of an innocent misrepresentation on a contract?
A) The contract is automatically void and of no effect,and the party who was misled may recover damages.
B) It permits the party that was misled by the false statement to rescind the contract,but damages are not available.
C) It permits either the party that was misled by the false statement or the party who made the false statement to rescind the contract.
D) It permits either the party that was misled by the false statement or the party who made the false statement to rescind the contract,and it also makes the contract void and of no effect.
E) It permits the party who made the false statement to rescind the contract.
Correct Answer:
Verified
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