Misrepresentation
Untrue statement in contract negotiations / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Misrepresentation?
Summarize this article for a 10 year old
In common law jurisdictions, a misrepresentation is a false or misleading[1] statement of fact made during negotiations by one party to another, the statement then inducing that other party to enter into a contract.[2][3] The misled party may normally rescind the contract, and sometimes may be awarded damages as well (or instead of rescission).
The law of misrepresentation is an amalgam of contract and tort; and its sources are common law, equity and statute. In England and Wales, the common law was amended by the Misrepresentation Act 1967. The general principle of misrepresentation has been adopted by the United States and other former British colonies, e.g. India.