Fraud Vs Negligent Misrepresentation Flashcards
1
Q
What is the difference between fraud and negligent misrepresentation?
A
Negligent misrepresentation is made by a person in a business or professional setting.
1) Fraud is a misrepresentation by the DF, 2) the DF knew that the statement was false, 3) DF had intent to induce the PL reliance, 4) the reliance was justified, 5) damages resulted.
