Intro

Question 1

Misrepresentation

Answer 1

A false statement of material fact made by a party to the contract which induces the other party to enter a contract

Question 2

Misrepresentation do not automatically end the contract

Answer 2

Party who have suffered from misrepresentation can take action to end the contract but don’t have to

Question 3

Rescission of the contract

Answer 3

The parties are returned to their pre contractual position

Question 4

Repudiation

Answer 4

A party to the agreement makes it clear they are not going to complete their side of the agreement