"Contracting parties will typically make statements to one another during the process of discussions. However, if such statements are inaccurate or misleading and have the effect of luring the other party into entering into the deal, the aggrieved party may have a legal recourse."

Critically assess this assertion with reference to primary and secondary sources. You may address aspects which include the following:

• The definition, scope and characteristics of misrepresentation.
• The core requirements of misrepresentation.
• The remedies available in respect of misrepresentation.