BUS 393 Lecture Notes - Lecture 6: Uberrima Fides, Fiduciary, Special Relationship

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 393
• Professor: Robin Elliott

Document Summary

Depends on the statement: puffs: just sales talk - no consequences, representations- if they include contract, possible consequences, terns: part of the exchange of promises definitely consequences. A false statement of an existing fat. Causes (induces) recipient to enter into a contract: statement of an existing fact, that is false when made, may be actionable if it included a contract. Misrepresentation must be statement of fact not: opinions, predictions, or statement of law, slide 6. General rule: caveat emptor (let the buyer beware) Distorts previous assertion: duty to disclose a change in circumstances that affects accuracy of earlier representation. Statement is a half-truth: cannot give partial account if unspoken words would substantially alter the meaning of the actual statement, spoken we"re not responsible for damage caused to silk . , unspoken . Or for any other damage to any kind of fabric .