Which of the Following Is True of Misrepresentation

question 54

Multiple Choice

Which of the following is true of misrepresentation?

• A) A misrepresentation is not actionable unless the innocent party relied on the misrepresentation and acted on it.
• B) An innocent party who acts in reliance on a misrepresentation need not justify his or her reliance.
• C) An innocent party must prove that the wrongdoer's misrepresentation was the sole reason he or she entered into the contract.
• D) An innocent party need not prove economic injury to recover damages for fraud.

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Definitions:

Revocation

The official cancellation or withdrawal of an offer, agreement, or license, making it no longer valid.

Offeror Dies

A legal situation that generally results in the termination of an offer when the person making the offer passes away before acceptance, affecting contract formation.

Insanity Of Offeror

A legal defense where the validity of a contract is questioned due to the mental capability of the party making the offer at the time of agreement.

Counter-Offer

An offer made in response to another's offer, effectively rejecting the original offer and presenting a new one for consideration.