Contract - Misrepresentation Flashcards
(3 cards)
1
Q
What is misrepresentation
A
An untrue statement of fact.
Reasonably held opinions do not fall into the definition.
2
Q
What remedies are available for innocent misrepresentation
A
Recission only (if not time barred or affirmed)
3
Q
What remedies are available for negligent/fraudulent misrepresentation
A
Recission (if not time barred/affirmed) and damages
