Fraud Flashcards
1
Q
Explain fraudulent misrepresentation
A
Someone knowingly, or with reckless disregard for the truth
misrepresents material facts and conditions that the defendant intends to have the other party rely on the misrepresentation. The injured party reasonably relied on the misrepresentation and suffered damages because of the reliance. There’s a direct link between the reliance and the damages
2
Q
What does fraud cancel?
A
FRAUD CANCELS/VITITATES CONSENT