What can a person do if they have been misled by fraud in a contract?

The option to void the contract is correct because when a person has been misled by fraud, they have the right to rescind the agreement. Fraud occurs when one party provides false information or deceitfully misrepresents facts, leading another party to enter into the contract under false pretenses. The purpose of allowing the option to void is to restore the injured party to their original state as if the contract had never been made, thus protecting individuals from the consequences of misleading conduct.

In cases of fraud, the injured party is generally not obligated to continue with the contract, as continuing would be accepting the fraudulent terms. Altering the terms of the contract may not adequately address the issue of fraud and does not nullify the fraudulent behavior. Lastly, suing for specific performance is typically reserved for situations where one party seeks to compel the other to fulfill a contractual obligation, which wouldn't be appropriate in cases where a contract is considered void due to fraud.