Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the usual remedy for a contract entered into because of an innocent misrepresentation? Multiple Choice All states allow a victim of fraud to
What is the usual remedy for a contract entered into because of an innocent misrepresentation? Multiple Choice All states allow a victim of fraud to rescind as well as sue for damages. A person can claim punitive damages for fraud under the tort of misrepresentation. The contractual remedy for innocent misrepresentation is rescission. Ratification enables the right to rescind a contract Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
