distinguish between Misrepresentation and Fund
What is promise?
Answers
misrepresentation is an untrue or misleading[1] statement of fact made during negotiations by one party to another, the statement then inducing that other party into the contract.[2][3]The misled party may normally rescind the contract, and sometimes may be awarded damages as well (or instead of rescission).
Fund ,
fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to:
hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management;benefit from economies of scale, i.e., lower transaction costs;increase the asset diversification to reduce some unsystematic risk.
What is promise ?
promise is a commitment by someone to do or not do something. As a noun promise means a declaration assuring that one will or will not do something. As a verb it means to commit oneself by a promise to do or give.[1] It can also mean a capacity for good, similar to a value that is to be realized in the near future.[2]
In the law of contract, an exchange of promises is usually held to be legally enforceable, according to the Latin maxim pacta sunt servanda.
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