Misrepresentation In Contract Law

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In fraudulent misrepresentation, an individual not only lied or misrepresented a fact about a transaction, but the individual did it on purpose, in order to mislead the other party. Individuals also enter into contracts they would not ordinarily due to physical and economic duress and duress of goods. Undue influence in a contract results when someone has taken advantage of their relationship and uses it to their advantage over another person. Hindrances to Agreements in Contract Law Although fraudulent misrepresentation, duress and undue influence are each different in their own way, they are types of assertion that exist in contracts where an individual would not have entered into had those elements of assertion not existed. When agreements are entered into by means of fraudulent misrepresentation, duress and undue influence, the agreements are not considered to be voluntary and can be cancelled on the grounds of a lack of mutual agreement. Fraudulent Misrepresentation Fraudulent misrepresentation is one of three types of misrepresentations in contract law. In order to ...

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