Asked by Kylee Woodring on Jul 04, 2024
Verified
Alfred makes a material misrepresentation of fact to Betty, and based upon the misrepresentation, Betty enters into a contract. Betty now realizes she was deceived and wants to get out of the contract. This contract is voidable at Betty's option.
Material Misrepresentation
A false statement or omission of fact that significantly affects a party's decision-making in a transaction.
Voidable
A legal term for a contract or transaction that, while valid, may be annulled or rescinded by one of the parties due to certain conditions such as fraud, duress, or mistake.
- Ascertain the situations that render a contract voidable due to crucial misrepresentation.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
True
Explanation :
Betty has the right to void the contract because it was entered into based on Alfred's material misrepresentation of fact, which is a valid ground for voiding a contract.
Learning Objectives
- Ascertain the situations that render a contract voidable due to crucial misrepresentation.
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