CA Foundation Exam  >  CA Foundation Questions  >  Which of the following statement is false ?a)... Start Learning for Free
Which of the following statement is false ?
  • a)
    A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contract
  • b)
    A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary means
  • c)
    In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contract
  • d)
    A party who affirms the contract, can also change his option afterwards if he so decides
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following statement is false ?a)A contract is not voidabl...
False Statement: A party who affirms the contract can also change his option afterwards if he so decides.

Explanation:

When a party is induced to enter into a contract by fraud or misrepresentation, he has two options - he can either rescind the contract or affirm the contract. If he chooses to affirm the contract, he cannot change his option afterwards.

The reason for this is that affirming the contract means that the party is willing to continue with the contract despite the fraud or misrepresentation. Once the party affirms the contract, he cannot later change his mind and rescind the contract based on the same fraud or misrepresentation.

Therefore, option D is false.

Other Options:

a) A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contract - This statement is true. For a contract to be voidable, the fraud or misrepresentation must have induced the other party to enter into the contract.

b) A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary means - This statement is also true. If a party had the means of discovering the truth with ordinary means, he cannot complain of fraudulent silence or misrepresentation.

c) In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contract - This statement is true. When a party is induced to enter into a contract by fraud or misrepresentation, he has the option of either rescinding the contract or affirming the contract.
Explore Courses for CA Foundation exam
Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer?
Question Description
Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statement is false ?a)A contract is not voidable if fraud or misrepresentation does not induce the other party to enter into a contractb)A party cannot complain of fraudulent silence or misrepresentation if he had the means of discovering the truth with ordinary meansc)In case of fraud or misrepresentation, aggrieved party can either rescind or affirm the contractd)A party who affirms the contract, can also change his option afterwards if he so decidesCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev