783. Right of representee to affirm or disaffirm the contract.

783.     Right of representee to affirm or disaffirm the contract.

A representee1 who has been induced2 by misrepresentation, whether fraudulent or innocent3, to enter into a contract or other binding transaction with the representor4, has, on discovery of the real facts, in the first instance, a right of election only. He may either affirm or disaffirm the contract or transaction, and, if he disaffirms it, give notice to the representor and demand from him a complete restoration of the status quo. In the event of his demand not being complied with he may, subject to certain conditions5