Solved

Is the Impact of Negligent Misrepresentation the Same as That

Question 25

Multiple Choice

Is the impact of negligent misrepresentation the same as that for fraudulent misrepresentation?


A) Yes, they are identical. The contract is void as a matter of law.
B) Yes, they are identical. The contract can be rescinded.
C) Yes, they are identical. The contract can be rescinded, but the misled party cannot sue for damages.
D) No, in negligent misrepresentation, the contract is void. In a case of fraudulent misrepresentation, the contract can be rescinded.
E) No, in fraudulent misrepresentation, the contract is void. In a case of negligent misrepresentation, the contract can be rescinded.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions