(See 47) A legal cause of action; a theory on which an injured party seeks damages It arises when a salesperson makes erroneous statements or offers false promises regarding a product's characteristics and capabilities A legal cause of action; a theory on which an injured party seeks damages It arises when a salesperson makes erroneous statements or offers false promises regarding a product's characteristics and capabilities
Occurs when the physical conditions of the land or the condition of title are not as stated in the contract of sale
The failure of the seller of real property to pass title as either expressed or implied by law in the conveyancing document
a breach that occurs when an item is deficient according to the terms of a warranty
When used in reference to an insurance applicant or policyowner, the result of making fraudulent statements or withholding information that causes an insurance company to assume a risk it would not otherwise insure Misrepresentation by the policyowner as to a condition precedent to the issuance of the policy (See also: condition precedent ) This act voids the policy (See also: warranty )