misrepresentation
Definition
Fraudulent, negligent, or innocent misstatement, or an incomplete statement, of a material fact. If a specific misrepresentation induces the other party to enter into a contract, that party may have the legal right to rescind the contract or seek compensation for damages. The guilty party avail of the defense that the wronged party could have checked the facts and have discovered what was wrong. A misstatement of an intention or opinion is generally not considered a misrepresentation.
misrepresentation is in the Corporate, Commercial, & General Law subject.
misrepresentation appears in the definitions of the following terms: constructive fraud, voidable contract, equitable estoppel, puffery, affirmation of contract and sharp practice
misrepresentation appears in these other terms: material misrepresentation, fraudulent misrepresentation
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