Opinion ID: 1239543
Heading Depth: 2
Heading Rank: 1

Heading: Present or Preexisting Facts.

Text: Deese contends that the representation he allegedly made to Fox as set forth in Count I was a statement relating to future events and not to present or preexisting facts. Again, we disagree. In Count I, Fox alleges that Deese knowingly concealed the additional requirements and did not disclose them to Fox until Fox had made the financial commitments. If this were so, then Deese misrepresented present or preexisting facts. [T]he state of the promisor's mind at the time he makes the promise is a fact, and . . . if he represents his state of mind . . . as being one thing when in fact his purpose is just the contrary, he misrepresents a then existing fact. Lloyd Smith, 150 Va. 132, 145-46, 142 S.E. 363, 366 (1928). Accord Boykin Hermitage Realty, 234 Va. 26, 29-30, 360 S.E.2d 177, 178-79 (1987).