Types of Misrepresentation - Law of Contract - Lecture Slides, Slides of Contract Law

Download Types of Misrepresentation - Law of Contract - Lecture Slides and more Slides Contract Law in PDF only on Docsity! MISREPRESENTATION A false statement of fact made by one party (representor) to another (representee), which induced the representee to enter into the contract. • Statement of past or present (not future) material facts (not opinion, not mere puffs, not facts of law), which would have induced a reasonable person to enter into the contract • Statement must have been relied on by the representee Silence is not a misrepresentation, except: • Contracts uberrimae fidei - contracts of the utmost good faith. (Contracts of insurance; fiduciary relationships such as lawyer and client, or inter-family relations) • Half truths - The representor misleadingly tells only a part of the truth. • Statements which become false – if a statement was true when made, but due to a change of circumstances has become false before it is acted upon, there is a duty to disclose the truth. (changed circumstances) Docsity.com