In order to answer the question it is necessary to define each phrase in turn. Firstly, the idea of the law in relation to misrepresentation. A representation is 'a statement of fact made by one party to the contract (the representor) to the other (the representee) which, while not forming a term of the contract, is yet one of the reasons that induces the representee to enter into the contract' Cheshire, Fifoot and Furmston. It …showed first 75 words of 1529 total…

…showed last 75 words of 1529 total…it can therefore be said that information is the best defence against purchasing defective products or falling victim to fraudulent practices such as misrepresentations that induce you into a contract. It can be seen that the law in relation to misrepresentation largely undermines the renowned principle of caveat emptor as it now provides a defence mechanism for the buyer if and when their contract does not succeed or does not produce the results they intended.