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In New Jersey, to satisfy the statute of frauds, the writing must: Consist of one or more documents signed by the party against whom enforcement is sought. The writing can be the contract itself or a memorandum confirming the parties' agreement.
Fraud: Six years. Claims under the New Jersey Consumer Fraud Act are also subject to a six-year statute of limitations. Negligence: Two years for personal injury claims and six years for property claims. Trade Secret Misappropriation: Six years.
In general, to succeed to on a NJCFA claim you have to meet the following elements: 1) an unlawful act, as enumerated in § -2; 2) an ascertainable loss; and, 3) a causal relationship between the conduct and the ascertainable loss.
For a claim of equitable fraud to exist, a person needs only to show: misrepresentation of an existing or past fact; relied upon by the other party; to his or her detriment.
In order to bring an action against a proprietor or other business agent, the consumer must show some ?ascertainable loss?. In other words, the consumer must show that the suffered some damages as a result of the fraud or violation. Losses are generally understood to be either property or money.
The New Jersey Consumer Fraud Act (?CFA?) is a series of laws written to provide wide-ranging protection to consumers in the context of day-to-day commerce and business dealings. It is intended to protect consumers in this state from deceptive commercial and business practices.
The elements of fraud under New Jersey's common law are ?(1) a material misrepresentation of a presently existing or past fact; (2) knowledge or belief by the defendant of its falsity; (3) an intention that the other person rely on it; (4) reasonable reliance thereon by the other person; and (5) resulting damages.? ...
-2 which declares that ?any unconscionable commercial practice, deception, fraud, false pretense, false promise [or] misrepresentation? is an unlawful practice. The second alternative relates to a ?knowing concealment, suppression or omission of any material fact? under the same statute.