It seems to me that 'there is a contradiction in terms in this section. It says "contains any statement of fact which is untrue." Now a fact is a fact. A fact contains the truth, and a statement of fact or an enunciation of a fact must be true. It seems to me there is inconsistency there, and
I was going to suggest something of this kind to carry out the intention, to substitute for the present language the words "what purports to be a fact, but which is untrue, deceptive or misleading."