If a Party to an Existing Contract Discovers He or She

Multiple Choice

If a party to an existing contract discovers he or she had made an incorrect statement during the contract negotiations,then he or she should

A) rescind the contract immediately.
B) declare the contract voidable at the option of the other party.
C) call his or her lawyer before he or she is sued for negligent misrepresentation.
D) inform the other party of the true situation as soon as possible.
E) offer to make allowances for any misunderstandings.