What categories of actionable misrepresentations entitle an innocent party to a common law remedy in damages?
A) fraudulent and negligent misrepresentation
B) fraudulent and innocent misrepresentation
C) innocent and negligent misrepresentation
D) negligent and factual misrepresentation

Question

Quizplus · Accepted Answer

Fraudulent misrepresentation occurs when a party intentionally makes a false statement or conceals material information in order to induce another party to enter into a contract. Negligent misrepresentation occurs when a party makes a statement without reasonable care, believing it to be true but not having reasonable grounds for that belief. Both of these categories of misrepresentation can entitle the innocent party to a common law remedy in damages.

What Categories of Actionable Misrepresentations Entitle an Innocent Party to a Common