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Under what circumstances is a contract deemed based on a fraudulent misrepresentation?
EncofBizandFinance
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
Wiki User
∙ 13y ago
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How do you purchase homeowners insurance?
Just like with any other insurance product, there is an application that you will complete. The application and policy together become a legal and binding contract. If you do not tell the truth on the application it can be deemed as material misrepresentation and can be a reason to void the contract so it is important that you tell the truth when answering all questions on the application.
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