Before you take the plunge. Back to basics on contracts - Part 3. Hyperbole or misrepresentation? It can be a fine line

What is the position when you enter into a contract relying on inaccurate representations made to you by the other party? What happens if the other party tries to limit its liability for any misrepresentations relating to the contract?

In this, the third part of our 'before you take the plunge - back to basics on contracts' mini series, we explore misrepresentation. What constitutes a misrepresentation? How can parties seek to limit their liability for misrepresentation? What is the significance of the final signed contract, specifically taking into account any pre-contract negotiations and representations?