Misrepresentation
Misrepresentation is a false statement of fact or law made by one party to another before or at the time of a contract that induces the other party to enter into it. Under section 2(1) of the Misrepresentation Act 1967, where a person has entered into a contract after a misrepresentation has been made to them by another party and has suffered loss, the maker of the statement is liable in damages unless they prove reasonable grounds to believe that the facts represented were true. Remedies may also include rescission of the contract. Section 2 of the Misrepresentation Act 1967 extends to England and Wales only.