misrepresentation Flashcards
(53 cards)
misrepresentation meaning
untrue statement of fact which induces a person to enter a contract
remedies for misrepresentation
recission
damages
what is recission
contract is set aside and the parties give back their benefit of the contract
what does not count as misrep
opinion
forecast / statement of intention
trading puffery
statements of law
silence / non-disclosure
what must an opinion be so that it is not counted as misrepresentation
- genially believed by the party making the statement but may be false
- must be an uninformed opinion
- cannot contradict other facts known by the party
- more likely to be an opinion if the giver is less informed than the receiver
case for “uniformed opinion”
Bisset v Wilkinson
when was the case for Bisset v Wilkinson
1927
case for “opinion must not contradict other facts know by the party”
Smith v Land & House Property Corp
when was the case for Smith v Land & Property Corp
1884
case for “more likely to be an opinion if the giver is less informed than the receiver”
Esso v Mardon
when was the case for Esso v Mardon
1976
what is forecasts / statement of intention
statement of intention is not a statement of fact unless a person has no intention to do the agreed action in the future
saying that you will do one thing but you do another
case for “statement of intention”
Edington v Fitzmaurice
when was Edington v Fitzmaurice
1885
what is trading puffery
a statement of fact does not include exaggerated advertising or vague boasts
trading puffery case
Fordy v Harwood
when was Fordy v Harwood
1999
what happens when law is misrepresented
we assume that everyone knows the law
if there is misrep of law you can sew
case for misrep of law
Pankhania v Hackney London Borough Council
when was Pakhania v Hackney London Borough Council
2002
what is silence and disclosure in misrep
no legal obligation to disclose a material fact known to another party
what does caveat emptor mean
let the buyer beware
case for the silent rule
fletcher v krell
when was fletcher v krell
1873