difference between fraud and misrepresention in business law with comparison
Answers
Answer:
The major difference between fraud and misrepresentation are as under: Fraud is a deliberate misstatement of a material fact. Misrepresentation is a bonafide representation of misstatement believing it to be true which turns out to be untrue. ... In fraud, the aggrieved party can claim damages for any loss sustained.
Explanation:
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Question: Differentiate between Fraud and Misrepresentation.
Answer: The major difference between Fraud and Misrepresentation are as under:
Fraud:
Fraud is a deliberate miss - statement of a material fact. In fraud, the aggrieved party can claim damages for any loss sustained.
Misrepresentation:
Misrepresentation is a bonafide representation of miss - statement believing it to be true which turns out to be untrue.
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