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If an Innocent Misrepresentation Is Made,the Aggrieved Party May Rescind

question 34

True/False

If an innocent misrepresentation is made,the aggrieved party may rescind the contract but may not sue for damages.


Definitions:

Endowment Effect

The finding that items gain in value to the person who owns them.

Self-Enhancement Motive

The inherent desire to improve one’s self-image and to present oneself in a positive light to others.

Self-Enhancement Motive

The drive to maintain or improve one’s self-view or self-esteem, often by focusing on positive feedback and downplaying negatives.

Appraisal Motive

The desire to learn the truth about oneself, including one's traits, abilities, and feelings.

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