misrepresentationmisrepresentation: in contract disputes, a false statement t...: in contract disputes, a false statement that induces a person to enter into a contract; will allow the innocent party who entered into the contract in reliance upon the misrepresentationmisrepresentation: in contract disputes, a false statement t... to rescindrescind: in contract disputes, to set aside a contract, or t... the contract and claim damagesdamages: in litigation and dispute resolution, financial com....