The long-term success of any transaction hinges on both parties being clear and forthright. Unfortunately, there are situations in which clarity and forthrightness are subverted in favor of increasing the value of the deal or rushing the deal's completion. Victims of misrepresentation have the right to take action to recover their losses. The attorneys at Boyd Contreras LLP represent businesses in San Diego, Irvine and throughout Southern California in claims of misrepresentation.
Examples of Material Misrepresentation
In the context of selling a business or a portion of a business, misrepresentation may occur when the seller makes statements that mislead the buyer to believe the business is currently profitable or will be profitable in the future. Misrepresentation may involve the withholding of key documents that would have presented a clear picture of the business's performance. When the buyer discovers that the purchased business's internal affairs were not up to date, or that the business was in debt and the statements about the business' success were exaggerated, the buyer has the right to pursue a misrepresentation claim.
Misrepresentation is also common in the context of real estate transactions. In these cases, allegations typically involve the seller's failure to disclose something about the condition of the commercial or residential property. Perhaps the roof is damaged or there is mold damage. Perhaps there is some other form of damage that will be very costly to repair. The buyer of the damaged real estate has the right to seek compensation for the misrepresented property.
Misrepresentation can take place in other scenarios as well. For example, borrowers might misrepresent their ability to pay back a loan to lenders. They may use personal knowledge of a lender to misrepresent intentions. Regardless of the type of misrepresentation that has allegedly taken place, we can provide the knowledgeable counsel your case requires.
Contact a Business Misrepresentation Attorney in San Diego or Irvine
Our Irvine and San Diego business misrepresentation lawyers are available to take immediate action. To discuss your case, e-mail us or call 619-378-4033 or 949-242-0656.
