Does Misrepresentation Make a Contract Void or Voidable?
A Misrepresentation Is a False Statement of a Material Fact Made by One Party Which Affects the Other Party's Decision in Agreeing to a Contract. If the...
A misrepresentation is a false statement of a material fact made by one party which affects the other party's decision in agreeing to a contract. If the misrepresentation is discovered, the contract can be declared void and, depending on the situation, the adversely impacted party may seek damages.
Does misrepresentation make a contract void?
Misrepresentation cannot void a contract but it may be able to make the contract voidable. ... In addition, or as an alternative, to a contract being voidable, the innocent party may be able to claim damages.
What makes a contract void or voidable?
With a void contract, it's invalid from the very start. ... With a voidable contract, it doesn't become invalid until one party asserts a legal reason for canceling or revoking it. This means without one party raising a legal objection, the contract would remain valid. Contracts that are no longer enforceable become void.