With regard to the law concerning misrepresentation, which of the following is true?

Select ALL the true statements.

Incorrect responses will be deducted from correct responses.

Question 9 options:

A misrepresentation can be a false assertion of fact that induces (persuades) a party to enter into a contract, but it need not be an assertion about an important (material) fact.

For fraudulent misrepresentation, if proved, the buyer may be entitled to punitive damages in addition to the remedy of rescission and damages in tort.

A buyer could not be awarded the remedy of rescission if the seller honestly believed that the misrepresentation was true.