Examlex
Discuss each of the categories of Perrow's framework.Give examples of each.
Negligent Misrepresentation
A false statement made carelessly that induces another party to enter into a contract, resulting in harm or loss.
Fraudulent Misrepresentation
A false statement made knowingly or recklessly designed to induce another party to enter into a contract.
Scienter
Knowledge of wrongdoing or fraudulent intent, often required to be proven in cases of securities fraud.
Unilateral Mistake
A situation in contract law where only one party is mistaken about a basic assumption on which the contract is based.
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