Asked by Anissa Hoyte on Jun 17, 2024

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To obtain relief for negligent or innocent misrepresentation, the elements of fraud must be present but the misrepresentation need not be material.

Negligent Misrepresentation

The act of unintentionally providing false information that others rely upon, leading to financial loss or damage.

Elements Of Fraud

Elements of Fraud include the intentional misrepresentation or concealment of an important fact upon which the victim is meant to rely, and does rely, resulting in harm to the victim.

Material

Refers to the physical substances or components that are used to make or build something.

  • Learn to recognize and categorize distinct forms of misrepresentations and understand the prerequisites for their resolution.
  • Recognize the significance of materiality in misrepresentations.
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Verified Answer

KG
Kaylin GrouchyJun 21, 2024
Final Answer :
False
Explanation :
For relief in cases of negligent or innocent misrepresentation, the misrepresentation must be material, meaning it must be significant enough to influence the decision-making of the party misled, but the elements of fraud, such as intent to deceive, are not required.