Example Steven inspected a 5-year-old car with the intention of buying it. He asked the owner, Allan, how many miles were on the engine. Allan said, "As you can see from the odometer, it only has 30,000 miles on it, and I'm the only one who has ever owned it. A written contract was executed, and Steven took the car to the local automobile dealer to be inspected. The dealer informed Steven that the car had often been serviced there, and that the odometer had been replaced at about 100,000 miles. This was a fraudulent misrepresentation on Allan's part, making the contract voidable by Steven. However, if Steven continued to make his monthly payments to Allan after discovering the truth, this would ratify the contract and Steven would lose his ability to rescind.