Asked by Julie David on Jun 13, 2024
Verified
If the person making the misrepresentation is in no way at fault, the misrepresentation is innocent, and the remedies are limited.
Innocent Misrepresentation
A false statement made during a contract negotiation that was believed to be true by the person making it, affecting the other party's decision to enter the contract.
- Gain insight into the idea and judicial implications of willful misrepresentation and the remedies that can be pursued.
- Recognize the limitations on remedies for innocent misrepresentations and the conditions for rescission.
Verified Answer
KN
Kathy NguyenJun 16, 2024
Final Answer :
True
Explanation :
Innocent misrepresentation occurs when the person making the misrepresentation had reasonable grounds to believe their statement was true, thus not at fault, leading to more limited remedies compared to fraudulent or negligent misrepresentations.
Learning Objectives
- Gain insight into the idea and judicial implications of willful misrepresentation and the remedies that can be pursued.
- Recognize the limitations on remedies for innocent misrepresentations and the conditions for rescission.
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