A bought shares in a Company on the faith of a prospectus that contained an untrue statement as to t...........

Indian Contract Act (ICA)1872 Valid and Void Contracts

A bought shares in a Company on the faith of a prospectus that contained an untrue statement as to the directorship of B. A had never heard of B and hence such statement was immaterial from his view point. A claimed damages for fraud. His claim will be dismissed on the ground that

There was no fraud

It is a subject matter covered under Companies Act

The untrue statement had not induced him to buy the shares

All of the above

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