Examveda
Examveda

Which of the following could be termed Misrepresentation?

A. Innocent misrepresentation

B. Fraudulent misrepresentation

C. A & B are correct

D. None of the above

Answer: Option C

Solution(By Examveda Team)

Both Innocent misrepresentation and fraudulent misrepresentation could be termed Misrepresentation. Innocent misrepresentation is a misrepresentation made by someone who had reasonable grounds for believing that his false statement was true. Fraudulent misrepresentation is a civil tort arising out of contract law. It is a false statement of fact that causes or induces someone to enter into a contract.

This Question Belongs to Commerce >> Insurance

Join The Discussion

Related Questions on Insurance