BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Innocent misrepresentation is a statement of a material fact made by one party to induce a contract with another party, without the knowledge of its falsity, but with due care.

Detailed explanation-2: -There are three types of misrepresentations. Innocent misrepresentation is a false statement of material fact by the defendant, who was unaware at the time of contract signing that the statement was untrue.

Detailed explanation-3: -Innocent misrepresentation examples include a seller unknowingly offering defective merchandise, or if a person on Craigslist sells a used TV but does not know it’s broken. Misrepresentation is a legal term meaning a false statement that has an impact on a contract.

Detailed explanation-4: -(1) The defendant made a false representation of a past or existing material fact susceptible of knowledge. (2) The defendant did so knowing the representation was false, or without knowing whether it was true or false. (3) The defendant intended to induce the plaintiff to act in reliance on that representation.