What is an example of innocent misrepresentation?
Innocent misrepresentation has all of the same foundations of fraud except it does not have scienter. So in this case, the representing party would not known that they are committing fraud. Innocent misrepresentation results in a voidable contract.
Below is an example of innocent misrepresentation:
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Why would a contract be voidable?
A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties. There are a number of reasons as to why a contract could be voidable. Some examples include fraud in the inducement, economic (or social) duress, innocent misrepresentation, undue influence,...
Why would a contract be voidable?
A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties. There are a number of reasons as to why a contract could be voidable. Some examples include fraud in the inducement, economic (or social) duress, innocent misrepresentation, undue influence,...
