How has statutory intervention allowed for rescission for misrepresentation? Which of the following is correct? O Contract law remains a common law concept and the ability to rescind a contract is left to the courts to determine, noting that consumer law doe Legislation in Australia provides for a prohibition on misrepresentation but does not provide any remedies when it occurs Certain Australian jurisdictions have passed legislation which allows for rescission or damages where rescission is not possible Under Australian legislation there are now criminal sanctions which can be invoked against a party making false statements which amount to misrep under previous law