Asked by Ramon Gonzalez on Apr 26, 2024
Verified
Which of the following are elements of fraudulent misrepresentation?
A) A false statement and a mutual mistake
B) A false statement and intent to deceive
C) Intent to deceive and negligent representation of a material fact
D) A commercial relationship between the parties and negligent misrepresentation of a material fact
E) A non-commercial relationship between the parties and duress
Fraudulent Misrepresentation
The act of intentionally making false statements to deceive others, leading to legal harm or loss.
Intent to Deceive
The purposeful act of misleading or deceiving someone to gain advantage or cause harm.
False Statement
A misrepresentation or untrue declaration, especially one made intentionally, that can impact legal contracts, financial documents, or public declarations.
- Outline the differences in legal consequences for innocent, negligent, and fraudulent misrepresentations.
Verified Answer
TF
Tyler FieldsMay 02, 2024
Final Answer :
B
Explanation :
Elements of fraudulent misrepresentation include: a)a false statement about a past or existing fact that is material to the contract; b)intent to deceive; c)justifiable reliance on the false statement by the innocent party to the agreement; and,if damages are sought,d)injury to the defrauded party as a result of the misrepresentation.
Learning Objectives
- Outline the differences in legal consequences for innocent, negligent, and fraudulent misrepresentations.