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CIPS Commercial Contracting L4M3 Question # 65 Topic 7 Discussion

CIPS Commercial Contracting L4M3 Question # 65 Topic 7 Discussion

L4M3 Exam Topic 7 Question 65 Discussion:
Question #: 65
Topic #: 7

Misrepresentation can be defined as a false statement of material fact made by one of the contracting parties which was intended to (and did) induce the other party to make the contract. What remedies are available in this instance to the innocent party?


A.

Contract is voidable and damages can be claimed


B.

Contract is not voidable but damages can still be claimed


C.

Contract is voidable and must be amended and performed


D.

Contract is not voidable and it is too late to take any action


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