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Contract Remedies of Misrepresentation As we know the contract made in misrepresentation is voidable which is not done intentionally by the party. So by keeping this in mind, The remedies for misrepresentation are: • Rescind: Rescind means to cancel. When the aggrieved party wants, he can claim for cancellation of the contract and/or damages. Under contract law, rescission is defined as the unmaking of a contract between the parties. Rescission is the unwinding of a transaction. This is made to bring the parties, as far as possible, back to the position in which they were before they entered into a contract (the status quo ante). • Insist upon the performance: The aggrieved party can claim to the first party who have committed misrepresentation to get the object in the manner which was prior to the contract that they directly.
Reinvestment risk would not occur if:
Subscribers to the Minimum Assured Return Scheme (MARS) under the new pension system (NPS) will have to stay invested for how many years to claim the g...
A microfinance loan borrower is identified as a household having annual household income not exceeding …………………….. Household shall mean a...
The organization budgeted $400,000 for 40,000 hours of direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hour...
In a process account, the costs which will be borne by the good production units include _____.
1. Normal loss
2. ...
What recent (April 2024) announcement did the National Stock Exchange (NSE) make regarding derivatives contracts?
___________ is a legal contract or agreement between a borrower and lender that defines the rights and obligations of the parties in relation to a bond ...
Which of the following types of decisions are incorporated with financial decisions:
A. Investment decisions
B. F...
In case of banks, CRAR is calculated as which among the following?
As per law of demand, the quantity demanded of a normal product increases with _____