ADMS 2610 Lecture Notes - Rescission, Contra Proferentem, Parol Evidence Rule

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Contractual term: a statement that includes the legally enforceable obligation a promissory statement. Pre-contractual representation is a statement one party makes by words or conduct with the intention of inducing another party to enter into a contract. --it"s not form part the contract, it"s not include the contractual obligations. Pre-contractual representation may result in a form of legal liability, such as actionable misrepresentation. The nature of misrepresentation: misrepresentation: , , an incorrect statement of an existing. If a non-contractual statement is false, that means one of the parties has made a. When a contractual statement is not fulfilled, that means one of the parties is in fact. misrepresentation breach of contract. A misrepresentation occurs only if the speaker claimed to state a fact. But a person"s opinion is not a misrepresentation even it is false. An opinion is the statement of a belief or judgment. A statement of future conduct is a second type of non-factual statement.

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