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Innocent Misrepresentation
A false statement made by someone who believes it to be true, leading another to enter into a contract or agreement under false pretenses without the intent to deceive.
Common Law Fraud
A form of fraud that involves misrepresentation, deceit, or concealment of a material fact leading to damage to another party, recognized under common law.
Materiality
The significance or importance of an event, fact, or piece of information in influencing a decision, particularly in the context of finance or law.
Reasonable Reliance
The expectation that a party can depend on the statements or promises of another, often a factor in legal cases involving contracts or fraud.
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