The section on point dealing with fraudulent misrepresentation states that both actual and " justifiable " reliance are required.
12.
"As a result of defendants'fraudulent misrepresentations, Abbey National lost virtually its entire investment " in the Marlin notes, the lawsuit said.
13.
In 2008, the Securities and Exchange Commission charged the company with making fraudulent misrepresentations to clients about their Nasdaq Exchange act.
14.
"As a result of defendants'fraudulent misrepresentations, Abbey National lost virtually its entire investment in the Marlin II Notes, " the suit says.
15.
However, in " Lonrho ", Millett J held that " A contract obtained by fraudulent misrepresentation is voidable, not void, even in equity.
16.
In law, deceit and fraud both fall within tort and are also often crimes, while fraudulent misrepresentation is usually associated with contract law.
17.
But the OED says the obsolete term means " suppression of truth or fact for the purpose of obtaining something; fraudulent misrepresentation ."
18.
In this case we consider the level of a creditor's reliance on a fraudulent misrepresentation necessary to place a debt thus beyond release.
19.
If a statement is the honest expression of an opinion honestly entertained, it cannot be said that it involves any fraudulent misrepresentations of fact.
20.
Some people are of the opinion that wholesaling is fraudulent misrepresentation since the wholesaler does not actually intend to close on the property themselves.
