Fraudulent misrepresentation occurs when one party intentionally provides false information to another party, leading them to make decisions based on that misinformation. This deceit can involve statements about a product, service, or even a financial situation, and it is done with the intent to deceive and gain an unfair advantage. To establish a case of fraudulent misrepresentation, the affected party must prove that the false statement was made knowingly, that they relied on this statement, and that they suffered damages as a result. Legal remedies may include compensation for losses incurred due to the deception.