fraudulent misrepresentation
Definition
Instance of false statement where (1) the party making the statement is aware that it is false or disregards the possibility of it being false, (2) the party making the statement does so to induce another party to enter into a contract, and (3) the other party enters the contract as a result of the statement and consequently suffers a loss.
fraudulent misrepresentation is in the Corporate, Commercial, & General Law subject.
fraudulent misrepresentation appears in the definition of the following term: insolvent
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