Question

Which of the following statements is true regarding negligent misrepresentation? It is treated the same as a mutual mistake. It is treated the same as a fraudulent misrepresentation and entitles the victim to recover compensatory damages, as well as punitive damages of up to two (2) times the amount of actual damages. It is treated the same as duress and entities the victim to recover punitive damages. It is treated the same as an innocent misrepresentation Even if there is no actual intent to deceive the person making the false statement is treated as having intent to deceive.

Answer 1

The correct statement is: It is treated the same as a fraudulent misrepresentation and entitles the victim to recover compensatory damages, as well as punitive damages of up to two (2) times the amount of actual damages.

Punitive damages, also known as exemplary damages, are a form of damages awarded in a civil lawsuit in order to punish a defendant and to deter similar misconduct in the future. Punitive damages are available in a variety of civil actions, including personal injury and product liability. Punitive damages are usually only awarded when the defendant's conduct is considered to be particularly egregious, and the intent of punitive damages is to punish the wrongdoer, rather than to compensate the plaintiff for any losses. Punitive damages are typically much higher than compensatory damages, which are awarded to compensate a plaintiff for actual losses.

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