Asked by Melina Collins on Jun 15, 2024
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.
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A misrepresentation made in good faith is considered an innocent representation and can be rescinded.
Learning Objectives
- Review the legal fallout of inaccuracies and miscalculations in the drafting of agreements.