A misrepresentation is when an untrue statement of fact or law is made by Party A (or its agent) to Party B, which induces Party B to enter a contract with Party A thereby causing Party B loss.
Misrepresentation in a contract – an untrue statement of fact. A misrepresentation is when an untrue statement of fact or law is made by Party A (or its agent) to Party B, which induces Party B to enter a contract with Party A thereby causing Party B loss.
Fraudulent Misrepresentation
Fraudulent misrepresentation is very serious. Fraudulent misrepresentation occurs when a party to a contract knowingly makes an untrue statement of...
Negligent Misrepresentation
A party that is trying to induce another party to a contract has a duty to ensure that reasonable care is taken as regards the accuracy of any repr...
Innocent Misrepresentation
In innocent misrepresentation, a misrepresentation that has induced a party into a contract has occurred, but the person making the misrepresentati...
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misrepresentation is a false statement of a material fact made by one party which affects the other party's decision in agreeing to a
contract. If the
misrepresentation is discovered, the
contract can be declared void. Depending on the situation, the adversely impacted party may seek damages.In
contract law,
misrepresentation refers to the communication of false information or the omission of relevant facts by one party during the negotiation or formation of a contract. This deceptive act aims to induce the other party to agree on false pretenses.A
misrepresentation is a false statement of fact made that has the result of inducing the other party to enter a
contract. If a
misrepresentation is shown to have occurred, the effect will be that the
contract becomes voidable.One party in a contract may make an
untrue statement of a material fact that influences the other party’s decision. This is known as misrepresentation. If the misrepresentation is discovered, the contract can be invalidated, and the negatively affected party can seek damages.(1) A ‘misrepresentation’ is an inaccurate statement of fact which induces the other party to enter into the contract. (2) The two remedies applicable to misrepresentations are
damages and the mutual dismantling of the parties' benefits received under the contract (known as ‘rescission ab initio ’).