What is misrepresentation in contract law?
Contracts rely heavily on trust. If one party to an agreement engages in fraudulent or deceptive behaviour, there’s a breach of trust. This is called misrepresentation. In the contract law of India , misrepresentation can render a contract voidable and entitle the other party to certain remedies. Let’s simplify this. Understanding Misrepresentation in Contract Law In contract law, misrepresentation is the false statement of facts purported by one party to another before or at the time of making the contract. The false statement causes the second party to enter into the contract. The important part is about the influence. If the false statement had a bearing on your decision to enter into a contract, it is a misrepresentation in Indian law. Categories of Misrepresentation in Indian Contract Law The different types of misrepresentation identified by the contract law of India include: ● Innocent Misrepresentation: In case a person makes...