What is the synonym of misrepresentation?
Synonyms & Near Synonyms for misrepresentation. falsification, misinformation, misreport, misstatement.
What are the two types of misrepresentation?
General Description. The two types of misrepresentation are fraudulent and nonfraudulent. Within the former are fraud in the execution and fraud in the inducement. Within the latter are negligent misrepresentation and innocent misrepresentation.
What is another name for intentional misrepresentation?
A tort, sometimes known as fraud or deceit, that involves a deceitful or fraudulent misrepresentation or false statement knowingly made by the defendant resulting in monetary loss to the plaintiff.
What are the types of misrepresentation?
There are three types of misrepresentations—innocent misrepresentation, negligent misrepresentation, and fraudulent misrepresentation—all of which have varying remedies.
What is passive misrepresentation?
Fraud can also be “passive,” i.e., where a broker deceives a buyer by failing to reveal a material defect in the property that he knows to exist and would likely change the buyer’s actions in purchasing the property if he was made aware of it. Intentional Misrepresentation or Active Fraud.
What is contract misrepresentation?
An untrue statement of fact or law made by Party A (or its agent) to Party B, which induces Party B to enter a contract with Party A thereby causing Party B loss. An action for misrepresentation can be brought in respect of a misrepresentation of fact or law.
What is unintentional misrepresentation?
Civil Matter. Updated October 20, 2020. Negligent misrepresentation occurs when someone makes a statement without regard to the true facts. For instance, if you tell a person that a stereo system is brand new when it is four-years-old and has been used heavily, then this can be considered negligent misrepresentation.
What are the 4 elements of misrepresentation?
The four elements are: the defendant makes a false representation to the claimant. the defendant knows that the representation is false, alternatively is reckless as to whether it is true or false. the defendant intends that the claimant should act in reliance on it.