Question
Legal Studies Question on Laws of Contract
A takes a life insurance policy making a false statement about his health and does not disclose the fact that he has been treated for a serious illness. In this case which one of the following statements is correct:
A
The Contract is void
B
The Contract is valid
C
Contract is voidable on the ground of fraud
D
Contract is voidable on the ground of misrepresentation
Answer
Contract is voidable on the ground of fraud
Explanation
Solution
The Correct Option is (C):Contract is voidable on the ground of fraud