GLOSSARY
Misrepresentation definition
What does Misrepresentation mean?
A misrepresentation is a pre-contractual false statement of fact or law made by one party to a contract (or his agent) to the other that induced that party to enter into the contract.
The misrepresentation is actionable if, as a result of entering into the contract in reliance on the misrepresentation, the misled party suffers loss. A misrepresentation made by a third party (ie not a contracting party or his agent) but that is known by the contracting party can also constitute a misrepresentation.
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