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When misrepresentation occurs as a result of a statement made, which the inducer honestly thought was true at the time. If they find out later that it was a false statement they must inform the contracting party immediately.
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How do you syllabicate the word innocent?
The correct spelling is 'innocent'.
When did Innocent Gentillet die?
Innocent Gentillet died in 1588.
Who wrote Presumed Innocent?
Scott Turow wrote Presumed Innocent.
When was Innocent Emeghara born?
Innocent Emeghara was born on 1989-05-27.
What is Pope Innocent XI's birthday?
Pope Innocent XI was born on May 16, 1611.
Types of misrepresentation?
fraudulent misrepresentation. negligent misrepresentation. innocent misrepresentation.
What is the difference between innocent misrepresentation and fraudulent misrepresentation?
the difference between fraudulent miisrepresentation and innocent misrepresentation is that innocent representation is when a statement is made with a genuine belief that it is true while fraudulent misrepresentation is a statement that is made with the knowledge that it is untrue or misleading.
What is the penalty for misrepresentation?
It depends on the type of misrepresentation: Innocent misrepresentation: rescission of contract and restitution if possible Negligent: rescission or possibly damages Fraudulent: damages and possibly action in tort law
Examples of misrepresentation of facts?
Examples of misrepresentation of facts Examples of misrepresentation of facts
What is fradulent misrepresentation?
Fraudulent misrepresentation refers to a situation where one party provides false or misleading information to another party with the intent to deceive them and induce them into entering a contract or making a decision. It involves making false statements, concealing or omitting important information, or providing misleading facts in order to gain an unfair advantage. It is considered a deliberate act of dishonesty and can lead to legal consequences.
Legal definition of misrepresentation?
misrepresentation
What is negligent misrepresentation?
Misrepresentation that is the result of careless statements made.
Which of the following is not an element of fraud a. Scienter b. Misrepresentation of a material fact c. Justifiable reliance by the innocent party d. Ignorance of the law?
d. ignorance of the law d. ignorance of the law
How can misrepresentation affect a valid contract?
When someone is induced into entering into a contract as a result of a false statement.
What is the doctrine of misrepresentation?
A misrepresentation is an untrue statement of fact by one party which has induced the other to enter into the contract.
What are elements of misrepresentation?
Misrepresentation must be something that induces an individual to enter into a contract which is false or not wholly true
Under what circumstances is a contract deemed based on a fraudulent misrepresentation?
if the maker intended for the misrepresentation to induce the other party to enter the contract and if the misrepresentation would likely induce a reasonable person to so enter the contract
