What legal basis could a buyer use to rescind a contract if they relied on false information regarding property taxes?

Rescinding a contract based on reliance on false information regarding property taxes can be established through the legal argument of misrepresentation. Misrepresentation refers to a false statement or assertion that induces another party to enter into a contract. In this scenario, if the buyer was provided with incorrect details about property taxes, and this misinformation was a significant factor in their decision to purchase the property, they could claim that they were misled into the agreement.

For a successful misrepresentation claim, the buyer must demonstrate that the seller or the agent knowingly provided false information, or did so with a reckless disregard for its truth, and that the buyer relied on this information when deciding to enter into the contract. If the buyer can illustrate that they would not have made the purchase had they known the correct property tax information, they have a valid basis for rescission.

While fraud, negligence, and incompetence could also potentially relate to similar situations, they each carry different legal implications and requirements, which may not directly apply to the situation described. Fraud involves intentional deceit for gain, negligence pertains to failures in exercising reasonable care, and incompetence discusses the capability of a party to enter into a contractual agreement, none of which are as directly relevant to claiming misrepresentation based on false information about