If a Party to an Existing Contract Discovers They Had

Multiple Choice

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

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