Asked by flora Verdura on May 16, 2024
Verified
A person who commits fraud may be liable for punitive damages for the tort of:
A) deceit.
B) fraud.
C) misrepresentation.
D) assertion.
Punitive Damages
are monetary compensations awarded in a lawsuit as a punishment to the defendant and to deter future similar acts.
Fraud
A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
Misrepresentation
The act of giving false or misleading information about a matter of fact, which may induce someone to enter into a contract or make a decision they otherwise might not have made.
- Scrutinize the implications of deceptive information and misunderstandings in the establishment of contracts.
- Differentiate between subjective opinions and objective representations in scenarios involving deceit and fraudulent actions.
Verified Answer
MA
Muhammad AbubakarMay 18, 2024
Final Answer :
A
Explanation :
The tort liability of a person who commits fraud is different from that of a person who commits innocent misrepresentation.A person who commits fraud may be liable for damages,possibly including punitive damages,for the tort of deceit.
Learning Objectives
- Scrutinize the implications of deceptive information and misunderstandings in the establishment of contracts.
- Differentiate between subjective opinions and objective representations in scenarios involving deceit and fraudulent actions.