Answer :
Innocent misrepresentation simply means that you are accused of misrepresentation for a problem you didn't know about - True
What is misrepresentation?
- In common law jurisdictions, a misrepresentation is a false or misleading statement of fact made by one party to another during negotiations, with the statement inducing the other party to enter into a contract. The misled party may normally rescind the contract and may also be awarded damages.
- A misrepresentation is a false statement of fact made by one party that induces the other party to enter into the contract.
- Innocent misrepresentation simply means that you have been accused of misrepresentation for a problem that you were unaware of.
- Negligent misrepresentations, on the other hand, involve knowledge of material property defects that you fail to disclose due to ignorance.
- Misrepresentations are classified into three types: innocent misrepresentation, negligent misrepresentation, and fraudulent misrepresentation, with varying remedies.
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