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Legal Principle: A contract obtained by misrepresentation is voidable at the option of the buyer.Factual Situation: The director of a company issued a prospectus containing false representation, on the faith of which Z agreed to buy some shares from the company.Issue: Can the Z avoid the contract?Decision:

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Legal Principle: A contract obtained by misrepresentation is voidable at the option of the buyer.<br>Factual Situation: The director of a company issued a prospectus containing false representation, on the faith of which Z agreed to buy some shares from the company.<br>Issue: Can the Z avoid the contract?<br>Decision:






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