Misrepresentation can be defined as a false statement of material fact made by one of...

Vendor: CIPS
Product: L3M4
Update on: Jul 30, 2025
Questions: 150

CIPS L3M4 Question Answer

Misrepresentation can be defined as a false statement of material fact made by one of the contracting parties which was intended to (and did) induce the other party to make the contract. What remedies are available in this instance to the innocent party?

Contract is voidable and damages can be claimed

Contract is not voidable but damages can still be claimed

Contract is voidable and must be amended and performed

Contract is not voidable and it is too late to take any action