Sentences with phrase «negligent misrepresentation lacks»

Private Lending's claim for negligent misrepresentation lacks the reliance required for such an action.

Not exact matches

The law provides that a third party can bring negligent misrepresentation allegations against professional individuals or entities that provide false information due to lack of competence or failure to exercise proper care in preparing information that a third party is foreseeably reliant upon.

However, the purchasers» negligent misrepresentation claim failed because of lack of evidence that they relied on the vendors» representations when they closed the transaction.

A third party can bring negligent misrepresentation allegations against professional individuals or entities who provide false information due to lack of competence or failure to exercise proper care in preparing information which is relied upon by a third party and such reliance is foreseeable to the professional.

Lack of proper representation is difficult to prove, and a provable financial loss must be established with direct responsibility for same being proven to be laid at the feet of the defendant in order for a lawsuit for misrepresentation, negligent or fraudulent in nature, to be successful in court.