The unintentional misstatement or nondisclosure of a material fact that results in inducing another to enter into an agreement to his or her loss is known as:

Question

Quizplus · Accepted Answer

Misrepresentation is the unintentional or intentional misstatement or nondisclosure of material facts that causes another person to enter into an agreement to their detriment. Fraud is similar to misrepresentation but is intentional. Duress is the use of force or coercion to gain an agreement, and mistake is an error made by one or both parties during the formation of the agreement.

The Unintentional Misstatement or Nondisclosure of a Material Fact That