Which term best describes the legal principle where agreements made under misrepresentation can be disregarded?

The term that best describes the legal principle where agreements made under misrepresentation can be disregarded is "voidable." This means that the party who was misled has the option to affirm or void the agreement. When a contract is voidable, it remains valid and enforceable unless the misled party chooses to cancel it due to the misleading information. This principle is significant in contract law, as it acknowledges the importance of truthful representation in agreements.

In this context, the ability to void the agreement underscores the protection for individuals who enter contracts based on false or misleading statements. This provides a remedy for the affected party to reclaim their position as if the misrepresentation had never occurred. By contrast, terms like "unenforceable," "irrevocable," and "executable" describe different legal concepts that do not specifically pertain to the implications of misrepresentation in contracts.