777. Necessity for showing alteration of position.

In order to sustain any claim or proceeding for misrepresentation it is necessary for the representee1 to establish that he was induced by it, not merely to alter his mind, but to alter his position, that is to say, to effect a change in his material or temporal interests or situation2.

This change may or may not be accompanied by ascertainable pecuniary loss or physical injury, which is damage3; and where it is necessary to prove damage, such resultant loss or injury must be shown in addition to the alteration of position itself, but not otherwise