Comment: It's called a "Misrepresentation of a material fact"

(See in situ)


It's called a "Misrepresentation of a material fact"

http://legal.practitioner.com/regulation/standards_9_3_1.htm

Misrepresentation of a material fact, if the parties involved knew the facts that were known, they would not have been a party to the contact. Misrepresentation will void a contract. It boils down to what did they know and when did they know it.