Fraudulent but Innocent Misrepresentation Permits the Injured Party to Rescind

question 45

True/False

Fraudulent but innocent misrepresentation permits the injured party to rescind a contract.

---

Definitions:

Extortion

A criminal offense in which a person obtains money, property, and/or services from another by wrongfully threatening or inflicting harm on the other’s person, property, or reputation. Also called blackmail.

Rescind

To rescind is to revoke, cancel, or repeal a contract, agreement, or law, effectively making it as if it never existed.

Agreement

A mutual understanding or arrangement between two or more parties that outlines the terms and conditions of a specific course of action.

Fraud

Intentional deception made for personal gain or to damage another individual.