What is the consequence of innocent misrepresentation on the contract?  A. The contract becomes void and unenforceable.  B. The contract remains valid, but the innocent party may seek damages for losses incurred.  C. The contract is automatically terminated.  D. The innocent party is entitled to specific performance.

Which of the following statements is incorrect with respect to misrepresentation?Group of answer choicesIt can be fraudulent, innocent or negligentEvery statement made by parties during pre‐contractual negotiations always become terms of the contractA misrepresentation is an untrue statement of fact that induces a party to enter into a contractIt is important to distinguish representations from terms and puff (exaggeration)

occurs when a party fails to perform certain express or implied obligations, which impairs or destroys the very essence of a contract.(1 Point)FraudMaterial breach of contractBreach of contractMisrepresentation

.  Which of the following is an example of a unilateral mistake in contract law?*A) Both parties are mistaken about the terms of the contractB) One party is mistaken about the terms of the contract, and the other party knows about itC) Both parties knowingly agree to incorrect contract termsD) One party intentionally conceals the contract terms from the other party

Negligence in contracts resulting in their breach

Which of the following circumstances would NOT discharge a contract by frustration?The contract is one for personal services and the promisee dies before paying for the services.The contract is one for personal services and the promisor dies before performing those services.Existence of a particular thing is essential to the performance of the contract and that particular thing is destroyed after the contract is entered into and before performance is due.Performance of the contract becomes illegal through a change in the law after the contract is formed.