3 Types of Misrepresentation
455 30 votes Today the most common measure of compensatory damages for the tort of fraudulent misrepresentation is benefit-of-the-bargain damagesthe same as expectation interest compensatory damages for breach of contract. There are three types of misrepresentation. Misrepresentation Wikiwand Fraudulent negligent and wholly innocent. . What are the three different types of misrepresentation. Negligent misrepresentation at common law and under statute. In common law jurisdictions a misrepresentation is a false or misleading 1 statement of fact made during negotiations by one party to another the statement then inducing that other party to enter into a contract. Where a statement is made without reasonable grounds for believing its truth. An untrue statement of fact or law made by Party A or its agent to Party B which induces Party B to enter a contract with Party A thereby causing Party B loss. Based on the tort of deceit. ...