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Where did banking originate?
Innocent Misrepresentation
A false statement made without knowledge of its falsity, not intended to deceive, which can lead to a contract being voided if relied upon by the other party.
Rescission
The legal remedy of canceling, terminating, or annulling a contract and restoring the parties to their original positions as if the contract had never been made.
Compensatory Damages
Financial compensation awarded to a plaintiff to cover losses or injuries that have been directly caused by the actions of the defendant.
Negligent Misrepresentation
A false statement made carelessly that causes someone to suffer damages because they relied on it being true.
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