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misrepresentation |
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misrepresentation, n when one party purposefully exaggerates the anticipated positive results to gain another party's confidence and thereby enter into a legal agreement. misrepresentation, n an intentionally false statement regarding a matter of fact. misrepresentation Malpractice Representing falsely or imperfectly; lying. Cf Fraud. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The investors alleged MHP made fraudulent, negligent and innocent misrepresentations because the accounting firm did not alert state officials that MorAmerica's financial condition had deteriorated after its 1983 audit. Part of what also makes the Thane case so unusual is that the statute under which the class was suing holds the company strictly liable for even innocent misrepresentations, eliminating the principal defense used in most securities cases. |
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