Misrepresentation Flashcards
What are the three elements of misrepresentation?
- There is a statement of fact
- The statement relates to a past or current fact
- The statement was made before the contract was made
Case for False Statement of Fact
Bisset v Wilkinson (Merely an opinion “Farm would hold 2,000 sheep”)
Case for Exisiting or Past Fact
Ware v Johnson (Although about the future, the statement implies a present fact)
Which statements do not constitute misrepresentations (5)
- Puff
- Silence
- Statement of opinion
- Statement of intention
- Statement of law
Which section states the four essential elements of actionable misrepresentation? What are they?
s35
1. Must be misrepresentation
2. Made by the representor
3. Made to the representee
4. Induced into signing the contract based on the misrepresentation
What is the fifth element of actionable misrepresentation from common law and what is the case
The representer must have INTENDED the misrepresentation to induce the representee into the contract. Savill v NZI Finance
What section mentions remedies for actionable misrepresentation?
s35