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IS A PARTY TO A BUSINESS AGREEMENT LIABLE IF HE MAKES A FALSE PROMISE THAT IS NOT IN WRITING

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.

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