Asked by
Dashiam Lewis
on Dec 18, 2024
Verified
It is not necessary to show reliance to prove fraudulent misrepresentation.
Fraudulent Misrepresentation
A false statement made knowingly or recklessly to induce another party to enter into a contract, resulting in harm or loss.
Reliance
The act of depending on or trusting something or someone.
- Acquire knowledge of the notion of fraudulent misrepresentation and its necessary components, including intent and scienter.
Verified Answer
HH
Learning Objectives
- Acquire knowledge of the notion of fraudulent misrepresentation and its necessary components, including intent and scienter.
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