Misrepresentation in guarantees invalidates the guarantee when made or condoned by the creditor about material transaction aspects. A guarantee is invalid where it has been procured by misrepresentation made by the creditor, or with the creditor's knowledge and assent, concerning a ... Summary
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Misrepresentation in guarantees invalidates the guarantee when made or condoned by the creditor about material transaction aspects.
A guarantee is invalid where it has been procured by misrepresentation made by the creditor, or with the creditor's knowledge and assent, concerning a material part of the transaction; the operative elements are the false representation about a material aspect and the creditor's making or condoning of that representation.
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