Asked by Melina Collins on Jun 13, 2024
Verified
A victim of fraud cannot seek damages where rescission is not available.
Rescission
The legal cancellation of a contract, which may release all involved parties from their contractual obligations.
Damages
Monetary compensation awarded by a court to a party who has suffered loss or harm due to the wrongful act or negligence of another.
- Determine the judicial solutions applicable upon entering a contract under the conditions of misrepresentation, undue influence, or coercion.
Verified Answer
AN
Ashley NicoleJun 15, 2024
Final Answer :
False
Explanation :
A victim of fraud can seek damages even if rescission (the act of voiding the contract) is not available. Damages are a separate remedy intended to compensate the victim for losses suffered due to the fraud.
Learning Objectives
- Determine the judicial solutions applicable upon entering a contract under the conditions of misrepresentation, undue influence, or coercion.
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