Asked by kkoln kkijknjn on Jun 15, 2024
Verified
Which of the following would satisfy the "untrue assertion of fact" element for misrepresentation and fraud claims?
A) An untrue fact asserted that is a past or existing fact.
B) An untrue fact asserted that is an opinion.
C) An untrue fact asserted that is a promise.
D) An untrue fact asserted that is a prediction about some future happening.
Untrue Assertion Of Fact
The act of presenting a false statement as true, which can lead to legal ramifications if it causes harm.
Misrepresentation And Fraud
Deceptive practices that involve providing false information or concealing the truth to induce another to act to their detriment.
Existing Fact
A fact that is already in existence and can influence a contract's formation, interpretation, or execution.
- Identify the differences between innocent, fraudulent, and unintentional misrepresentations.
- Become aware of the legal repercussions and remedial actions connected with false representation and deceitful practices.
Verified Answer
Learning Objectives
- Identify the differences between innocent, fraudulent, and unintentional misrepresentations.
- Become aware of the legal repercussions and remedial actions connected with false representation and deceitful practices.
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