A false statement made by one party with an intention of inducing to enter into a contract with him is known as
Answer Details
The correct answer is "misrepresentation." Misrepresentation occurs when one party makes a false statement with the intention of inducing the other party to enter into a contract. The false statement may be about a material fact, a past event, or a future promise. If the innocent party relies on the false statement and suffers a loss, they may have a right to rescind the contract or claim damages. Misrepresentation can be innocent, negligent, or fraudulent, depending on the state of mind of the party making the false statement.