Is the impact of negligent misrepresentation the same as that for fraudulent misrepresentation?
A) Yes,they are identical.The contract can be rescinded.
B) No,in fraudulent misrepresentation,the contract is void.In a case of negligent misrepresentation,the contract can be rescinded.
C) No,in negligent misrepresentation,the contract is void.In a case of fraudulent misrepresentation,the contract can be rescinded.
D) Yes,they are identical.The contract can be rescinded,but the mislead party cannot sue for damages.
E) Yes,they are identical.The contract is void as a matter of law.
Correct Answer:
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