New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    A person who has been induced to enter into a contract

    by misrepresentation has the following remedies
    A Affirm the contract and insist on the misrepresentation being made good, if possible Correct Answer Incorrect Answer
    B Rescind the contract Correct Answer Incorrect Answer
    C Rely upon the misrepresentation as a defence to an action on the contract Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next