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What is misrepresentation and what are the consequences for
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I) What is misrepresentation?
I.1-Definition:
What is misrepresentation and what are the consequences for a contract?
By Jordi and Moses
The action or offense of giving a false or misleading account of the nature of something.
I.2-When does a misrepresentation take place?
- It must be a statement of fact, not mere opinion
- There must be reliance on it
- Statement as to the future is not a misrepresentation unless it is incorporated into a contract
- Silence cannot amount to misrepresentation
- It must be a material statement.
1. Definition
2. When does a misrepresentation take place?
3. Different types of misrepresentations
4. What is the remedy of a misrepresentation?
I.3-Different types of misrepresentation
- fraudulent misrepresentation
- negligent misrepresentation
- innocent misrepresentation
I.4-Remedy to misrepresentations