Fraudulent Inducement
/ˈfrɔːdʒələnt ɪnˈduːsmənt/
Definitions
- (n.) A misrepresentation or concealment of a material fact made to induce another party to enter into a contract, rendering the contract voidable.
The contract was rescinded due to fraudulent inducement by the seller.
Related terms
See also
Commentary
Fraudulent inducement is distinct from simple misrepresentation by its intent to deceive and the inducement effect on contract formation.
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