Asked by Cameron Conley on Jun 20, 2024

verifed

Verified

Predictions, opinions, and promissory statements ordinarily do not constitute bases of fraud.

Promissory Statements

Brief declarations or assertions made with the intention of influencing the expectations or actions of others, often found in contracts or agreements.

Predictions

Forecasts or projections about future events or outcomes based on current data, trends, or analysis.

Fraud

Wrongful or criminal deception intended to result in financial or personal gain.

  • Master the identification and comprehension of different misrepresentation types and their demands for amelioration.
verifed

Verified Answer

RK
Rohan KapurJun 26, 2024
Final Answer :
True
Explanation :
Predictions, opinions, and promissory statements are generally not considered factual representations and therefore typically do not form the basis of fraud, as fraud usually requires a misrepresentation of past or existing facts.