Business Law Debate Notes

Conditions of Misrepresentation 

1. Is there a false statement of fact? (5 Elements of Misrepresentation)
2. If yes, Is there inducement?
• Did not rely on the statement (Longer time to think = Lesser inducement)
• Chance to verify the truth of the statement
3. If yes, Defend the Misrepresentation Case.
• Prove that there is no fraudulent misrepresentation by showing that the defendant has no intention to deceive the Plaintiff
4. Limit the Negligence Misrepresentation
• Have reasonable grounds
• E.g. False statement of fact happen before the contract / He must be induced into the contract