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About: Derry v Peek     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEnglishMisrepresentationCases, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Case107308889yago:Event100029378yago:Happening107283608yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntitySupreme Court of the United States caseyago:WikicatEnglishMisrepresentationCases New Facet based on Instances of this Class

Derry v Peek [1889] UKHL 1 is a case on English contract law, fraudulent misstatement, and the tort of deceit. Derry v Peek established a 3-part test for fraudulent misrepresentation, whereby the defendant is fraudulent if he: (i) knows the statement to be false, or(ii) does not believe in the statement, or(iii) is reckless as to its truth. The House of Lords determined that, when issuing a prospectus, a company has as no general duty to use "care and skill" in to avoid making misstatements. This point is no longer good law in cases where economic loss flows from non-fraudulent misstatements.