Question

Even when a naïve purchaser relies on an opinion from an expert, the innocent party is not entitled to rescission or reformation of a contract.
a) true
b) false

Answer 1

Even when a naïve purchaser relies on an opinion from an expert, the innocent party is not entitled to rescission or reformation of a contract. The statement is True.

The innocent party is not entitled to rescission or reformation a contract, even where the gullible buyer relies on an expert's advice. A substantial reality might be misrepresented through words or deeds. A plaintiff must be twenty-one years of age or older to get compensation for fraud.

Contracts are only voidable by actionable misrepresentation, allowing the innocent party to rescission the agreement and/or pursue damages. A false statement of truth, not an opinion, a potential intention or a legal requirement, qualifies as an actionable misrepresentation.

To learn more about rescission or reformation of a contract here

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