The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to:

Question

Quizplus · Accepted Answer

Misrepresentation is the unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party. Fraud involves intentional misstatement or omission of material facts, while duress involves the use of threats or coercion to force someone to act against their will. Mistake refers to an error or misunderstanding, and is not applicable here.

The Unintentional Misstatement or Nondisclosure of a Material Fact Made