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.Related Questions on Insurance
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