misstatement vs misrepresentation - Search
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    Misstatement and misrepresentation are two legal terms that are often confused. The main differences between them are:
    • Misrepresentation is a bonafide representation of misstatement believing it to be true which turns out to be untrue. Fraud is done to deceive the other party, but Misrepresentation is not done to deceive the other party.
    • Misstatement refers to statements made between contracting parties, whereas misrepresentation can be used even where a contractual relationship does not exist.
    • Fraud is a deliberate misstatement of a material fact, whereas misrepresentation is the representation of a misstatement made innocently.

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