Final answer:
If one is induced by a fraudulent misrepresentation, or if there was a material misrepresentation, the contract is voidable.
Step-by-step explanation:
If one is induced by a fraudulent misrepresentation, or if there was a material misrepresentation, the contract is voidable. This means that the innocent party has the option to either enforce the contract or to rescind it. Voidable contracts are those that are valid and enforceable, but because of some defect or misrepresentation, one or both parties have the ability to avoid their obligations under the contract.