LAWS 3003 Lecture Notes - Lecture 9: Dick Bentley, Collateral Contract
Document Summary
The content of contractual obligations march 9, 2016. A misrepresentation is a statement of fact which is untrue, made by the representor to the representee, which induces the representee to enter a contract. It is not an opinion, not a statement about future intention, not a statement of law. In my opinion, this a good car. not saying anything about the nature of the car, when there have been improvements made to the car, new brakes, etc. there is no fact included. However, it can become a statement of fact when it is made with superior skill and knowledge about the subject matter of the contract. Sale of a hotel a tenant of a hotel was a most reliable tenant landlord was selling the building. After the sale was agreed to, the tenant went bankrupt. When the new owner looked into the finances of the tenant, he saw that they were many months behind on rent and struggled with money.
