Which of the following must a person prove to rescind a contract if the misrepresentation was innocent?

A) That the fact was asserted
B) That the fact was disclosed
C) That the fact was material
D) That the fact was ratified

Innocent Misrepresentation

A false statement made by one party to another without knowing it was false, which may lead to the rescission of a contract.

Material

Important. In securities law, a fact is material if a reasonable person would consider it important in his decision to purchase shares or to vote shares.

Rescind

To withdraw, negate, or overturn a law, order, or agreement.