Asked by Pradeep Patil on Jun 20, 2024
Verified
For a misrepresentation to be actionable as fraud in the inducement, it must be a misrepresentation of opinion.
Misrepresentation
The act of providing false or misleading information, intentionally or unintentionally, during a transaction or contractual agreement.
Fraud in the Inducement
A deception used to convince another party to agree to a transaction or contract, impacting the victim's decision-making process.
Opinion
A statement or write-up that expresses a belief, judgment, or way of thinking about something, not necessarily based on proven facts.
- Comprehend the variances between types of fraud, including inducement fraud, and the consequences these have on contracts.
Verified Answer
AK
Amisha KumarJun 26, 2024
Final Answer :
False
Explanation :
For a misrepresentation to be actionable as fraud in the inducement, it must be a misrepresentation of a material fact, not merely an opinion.
Learning Objectives
- Comprehend the variances between types of fraud, including inducement fraud, and the consequences these have on contracts.