misrepresentation

misrepresentation definition - business

misrepresentation

Intentionally or unintentionally stating something that is untrue. Misrepresentation can create a liability if it is relied on by someone who suffers a loss as a result. The failure of a seller to identify known structural flaws in a home is a case of misrepresentation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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