Ontario Mortgage Agent Practice Exam 2025 – Your All-in-One Guide to Exam Success!

If misrepresentation exists, the other options are incorrect because they do not address the issue of misrepresentation. Option B involves the court enforcing the terms and conditions, which would not address the issue of misrepresentation. Option C states that the contract cannot be canceled, which is not necessarily true if misrepresentation exists. Option D suggests that the parties must renegotiate the terms, but this does not address the issue of misrepresentation either.

The correct answer is A because misrepresentation is a form of deceit that can render a contract voidable. This means that the innocent party may choose to rescind or cancel the contract and be released from their obligations.