Which remedy would be used if a buyer wants to reclaim funds lost due to misrepresentation?

When a buyer wants to reclaim funds lost due to misrepresentation, suing for payment is the most appropriate remedy. This legal action allows the buyer to seek restitution for any damages incurred as a result of the misrepresentation in the transaction. Misrepresentation refers to when one party provides false information that induces another party to enter into the contract, leading to financial losses. By suing for payment, the buyer can potentially recover the lost funds through a court order, making it a direct approach to address the financial harm caused by the misrepresentation.

The other choices do not directly address the issue of reclaiming funds due to misrepresentation. A quit claim deed is typically used to transfer interest in real property and does not pertain to reclaiming lost funds. The power of sale refers to a provision allowing a lender to sell property in the event of default on a loan, which is unrelated to the buyer’s situation regarding misrepresentation. A short sale involves selling property for less than what is owed on the mortgage, often as a solution for distressed homeowners, but it does not deal with the recovery of funds lost due to false statements in a real estate transaction.