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      In both fraudulent misstatements and failures to disclose in commercial transaction, there is an element of reliance.  What is the name of that reliance?()

Feb 13th, 2015

"Actual Reliance" is when the party entering into a transaction or contract actually has faith in the assertion being made, which later turns out to be a case of fraudulent misstatement or failure to disclose, and that faith had an influence on their choice to enter said contract. This Reliance will not be considered "Justifiable," though, if the assertion was obviously false or blatantly not to be taken seriously. 


Feb 13th, 2015

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Feb 13th, 2015
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Feb 13th, 2015
Jun 27th, 2017
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