Title
3058-009-Printer-007.indd
By
bak
Description
181 FRAUD IN THE INDUCEMENT AS A DEFENSE TO FIDELITY AND SURETY CLAIMS Bogda M.B. Clarke, James D. Ferrucci, and Armen Shahinian i. introduction Under general principles of contract law, contractual obligations may be avoided by a party whose assent was given under circumstances which vitiiat its validity. Contracts induced by intentional, or even under some circumstances innocent, misrepresentations may be abrogated, provided that the party relying on such misrepresentations acts promptly upon...

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