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7. In order to find answer to the question under reference, it would be useful to have a look on Section 18 & 19 of Indian Contract Act, 1872.
8. Section 18 of Indian Contract Act defines Misrepresentation as under:
(FA-226/2016) PAGE 9 OF 15 "18. Misrepresentation" defined.--
"Misrepresentation" means and includes (1) the positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true;