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Like most claims under contract law, the standard remedy for fraudulent misrepresentation is damages. Misrepresentation is a basis of contract breach in transactions, no matter the size, but applies only to statements of fact, not to opinions or predictions.The claimant can ask for the contract to be cancelled and that they be restored to their position before the contract took place. 4. A misrepresentation in contract law is a statement of fact that is not true and that persuades someone to enter into a contract. Id. The CRO testified that he never intended for TCI to settle in reliance on the inaccurate records; instead, he intended to recover the full amount. If the misrepresentation is fraudulent, the plaintiff may, as an alternative to avoiding the contract, recover damages. A misrepresentation is a false statement of fact made that has the result of inducing the other party to enter a contract. The ELD May Be a Complete Bar to Recovery in States Applying the "Majority Rule. CV1804 Recovery for misrepresentation of fact. You must decide whether the defendant's statement was a representation of fact as opposed to an opinion.