Asked by Pradeep Patil on Jun 20, 2024

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For a misrepresentation to be actionable as fraud in the inducement, it must be a misrepresentation of opinion.

Misrepresentation

The act of providing false or misleading information, intentionally or unintentionally, during a transaction or contractual agreement.

Fraud in the Inducement

A deception used to convince another party to agree to a transaction or contract, impacting the victim's decision-making process.

Opinion

A statement or write-up that expresses a belief, judgment, or way of thinking about something, not necessarily based on proven facts.

  • Comprehend the variances between types of fraud, including inducement fraud, and the consequences these have on contracts.
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Verified Answer

AK
Amisha KumarJun 26, 2024
Final Answer :
False
Explanation :
For a misrepresentation to be actionable as fraud in the inducement, it must be a misrepresentation of a material fact, not merely an opinion.