IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Misrepresentation

Corporate & Other Laws

Can the aggrieved party sue for damages or not ?? The difference given below is confusing ...it first says , can sue for damages and then cannot claim for damages .which is correct???

Reetikaa R

CA Inter

★ 7K+

29-Mar-21 21:55

341

Answers (5)

Best Answer

Recover the money / goods given to him in this again he can't claim any damages

SHAIK KARISHMA

CMA Inter

★ 2K+

29-Mar-21 22:31

The injured party can claim damages or he cancel the contract and recover the

SHAIK KARISHMA

CMA Inter

★ 2K+

29-Mar-21 22:30

Restitution means payment for damage or loss of property

SHAIK KARISHMA

CMA Inter

★ 2K+

29-Mar-21 22:33

but in some cases it's valid Like party enter into agreement by mistake

sai t

CA Foundation

★ 2K+

29-Mar-21 23:01

It doesn't anywhere say that in case of Misrepresentation, injured party can sue for damages. Injured party can repudiate (cancel) the contract or sue for restitution (restoration).