Negligent statement – Warehouse for sale in Singapore
The terms “negligent misrepresentation and “negligent misstatement” are often confused. Generally, an action for any form of misrepresentation is between contracting parties, whereas an action for negligent misstatement may be invoked whether or not a contractual relationship exists. Warehouse for sale in Singapore.
A negligent misstatement is a statement carelessly made in circumstances where there is a duty to be honest and careful, resulting in loss to some person to whom that duty is owed and who has acted on the statement. Liability for such a statement may arise in tort and contract.
Examples of negligent misstatements given by real estate salespersons that result in being sued by clients:
- Real estate salesperson did not check factual information of a property before releasing it
- Real estate salesperson told clients that they are eligible to buy a property when they are not
- Real estate salesperson gave advice that is not within his specialty
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