What’s meant by fraud and misrepresentation? What remedies are available in
case of fraud, misrepresentation and breach of contract under the Contract Act,
1872?
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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. Fraud is done to deceive the other party, but Misrepresentation is not done to deceive the other party.
A deceptive act done intentionally by one party in order to influence another party to enter into a contract is known as fraud. The representation of a misstatement, made innocently, which persuades the other party to enter into a contract, is known as misrepresentation.
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