We are often asked to advise on mis-selling of property, goods and/or services or financial products.
Otherwise known as misrepresentation claims, these arise where someone is induced to enter into a contract by some false statement of fact (or law) which was made with the intention that they should rely on it.
Misrepresentations may be actionable whether fraudulent, negligent or even entirely innocent.
Prompt action is important in misrepresentation cases because often there is a right to rescind – tear up – the contract and claim the money back provided you act quickly. Also there is a risk of affirming the contract if you continue to act in accordance with it. It is safest to take some early advice.
Damages for consequential losses are generally available in addition to or instead of rescission.