Alice is selling her home and tells Bob that the property has a new roof installed just six months ago. In reality, Alice is aware that the roof is leaking and requires significant repairs. Relying on Alice's statement, Bob decides to purchase the home. What type of misrepresentation has Alice committed?
Alice knowingly provided false information about the roof's condition to induce Bob into the contract, which constitutes fraudulent misrepresentation. This differs from negligent or innocent misrepresentation, where there is either a lack of reasonable care or no knowledge of the false statement, respectively.
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