Application of the concepts of misrepresentation, breach of contract and Australian Consumer Law to the sale of business
VerifiedAI Summary
The first issue is related to presence of misrepresentation under contract law and Australian Consumer Law and the second issue is related to breach of contract under common law. Bisset v Wilkinson is a leading case which clarifies that this false statement has to be one of fact or law, and a claim of misrepresentation would not be upheld where this statement is one of opinion or covers a certain advice. Where it can be shown, as was done in Smith v Land & House Property Corp, that the person