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If a party to an existing contract discovers he or she had made an incorrect statement during the ...

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If a party to an existing contract discovers he or she had made an incorrect statement during the ...

If a party to an existing contract discovers he or she had made an incorrect statement during the contract negotiations, then he or she should
a. rescind the contract immediately.
b. declare the contract voidable at the option of the other party.
c. call his or her lawyer before he or she is sued for negligent misrepresentation.
d. inform the other party of the true situation as soon as possible.
e. offer to make allowances for any misunderstandings.

Textbook

The Law and Business Administration in Canada

Edition: 14^th

Authors: Smyth, Soberman, Easson, McGill

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Ashorn Author

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7 years ago

Thanks for your help!!

deathDoUsPart

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Yesterday

Smart ... Thanks!

klyn

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2 hours ago

Thank you, thank you, thank you!

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