A misrepresentation is an untrue statement of fact1 which is relied on by the aggrieved party, which induces him to enter the contract, and as a result of which he suffers loss2. A statement of opinion is not actionable unless it can be proved that the opinion was never genuinely held3.
A fraudulent misrepresentation is a statement which is deliberately dishonest4. A negligent misrepresentation is a statement made carelessly but not necessarily negligent within the tortious meaning of that word. An innocent misrepresentation is one made in the honest belief that it is true
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