Misrepresentation made with the intent to facilitate personal gain and with knowledge that it is false is known as .

Fraudulent misrepresentation

Explanation:

Fraudulent misrepresentation  is serious misunderstanding that occurs in case when a party or person tends to make false statement of fact to the incorrect intention of provoking other person or party to enter into that contract. It is type of fraud in terms of contract regulations.

This false statement is made by any party for their benefit or gaining advantage from party getting falsely induced in contract.This process can include lying statements, half-truth information or keeping silent when something need to be informed or should be known to indulging party.