New Hampshire Complaint against Vendor of Computer System by Purchaser for Fraud and Misrepresentation, Breach of Contract, Breach of Implied Warranty of Merchantability, Breach of Implied Warranty of Fitness
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How to fill out Complaint Against Vendor Of Computer System By Purchaser For Fraud And Misrepresentation, Breach Of Contract, Breach Of Implied Warranty Of Merchantability, Breach Of Implied Warranty Of Fitness?
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FAQ
There are three main types of misrepresentation: Fraudulent misrepresentation. Negligent misrepresentation. Innocent misrepresentation.
Misrepresentation in a contract ? an untrue statement of fact. A misrepresentation is when an untrue statement of fact or law is 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.
The law of misrepresentation applies to representations ? that is, statements ? made before a contract is formed where the representation: is false, and. is relied upon by a party, and. induces the other party to enter the contract.
A misrepresentation is a false statement of a material fact made by one party which affects the other party's decision in agreeing to a contract. If the misrepresentation is discovered, the contract can be declared void. Depending on the situation, the adversely impacted party may seek damages.
If a representation is not true it is "inaccurate." If a warranty is not true it is "breached." In financing documents (such as loan agreements) representations and warranties are given by the borrower to induce the lenders to make loans.