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'The law in relation to misrepresentation drives a 'coach and four' through the hallowed principle of caveat emptor'.
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Contract Law Question 2 'The law in relation to misrepresentation drives a 'coach and four' through the hallowed principle of caveat emptor'. 'Caveat emptor', literally means 'buyer beware'1, and refers to the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made2. The other concept in question; misrepresentation, refers to a false statement of existing or past fact made by one party to the contract, to the other, before, or at the time of contracting, on which that other party relied in contracting3. The legal standpoint currently accepts that there is no general duty to disclose information during negotiations, as well as practising the concept of caveat emptor. Therefore the courts generally act on behalf of the seller. In contrast, the law regarding misrepresentation allows a buyer to have legal ground to break a deal or at least, protest against it. Therefore the two...
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