IS A PARTY TO A BUSINESS AGREEMENT LIABLE IF HE MAKES A FALSE PROMISE THAT IS NOT IN WRITING
August 31, 2017 | | Business Law
November 23, 2012 – Business Law
Promissory Fraud A promise made without any intention of performing it.
If the false intention can be proved there is liability for the false promise even if not in writing.
Example: As part of a business agreement one party promises the other to attend and manage company corporate meetings during a period of time that he knows he will be out of the country.