REPRESENTATION

A statement made by one party to the other before, or at the time of the contract with regard to some existing fact or to some past event and which is one of the causes to induce the contract.

AUCTION EXAMPLE

A purchaser at an auction may claim a contract between with the auctioneer based on representations made by the auctioneer at the auctioneer. Therefore, a contract can be established that is different from the written contract. This is known as a collateral contract . Even if the written contract remains, the purchaser may be able to take action against the auctioneer for damages suffered as a result of the misrepresentation.

See
puffing
warranty