Misrepresentation
A false statement that induces another party to enter into a contract. The legal consequences depend on how and why the statement was made.
Related terms
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Fraudulent misrepresentation
A false statement made knowingly, without belief in its truth or recklessly, which induces another party to enter into a transaction.
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Fraud
Intentional deception intended to secure an unlawful gain or cause another person loss. Allegations of fraud require careful legal assessment.
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Enforceability
Whether a legal right, debt, guarantee or agreement can actually be enforced through the courts or another lawful process.
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