Which of the following is/are available to a party who was misled by a false statement contained in an innocent misrepresentation?

A) Rescission of the contract only
B) Compensatory damages and rescission of the contract
C) Punitive damages,compensatory damages,and the right to rescind the contract
D) Exemplary damages,compensatory damages,and the right to rescind the contract
E) Nominal damages only

Innocent Misrepresentation

A false statement made without knowledge of its falsity, not intended to deceive, which can lead to a contract being voided if relied upon by the other party.

Rescission

The legal remedy of canceling, terminating, or annulling a contract and restoring the parties to their original positions as if the contract had never been made.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover losses or injuries that have been directly caused by the actions of the defendant.