Asked by Melina Collins on Jun 15, 2024

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Verified

A contract may be voidable even if the person making the misrepresentation believes in good faith that what he/she says is true.

Voidable

A contract or transaction that is voidable can be legally nullified or cancelled by one of the parties involved, often due to reasons like misrepresentation or lack of capacity.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that other party into a contract.

  • Review the legal fallout of inaccuracies and miscalculations in the drafting of agreements.
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Verified Answer

MK
Marni Kinne-LutesJun 18, 2024
Final Answer :
True
Explanation :
A misrepresentation made in good faith is considered an innocent representation and can be rescinded.