If a contract is not enforced on the basis of the Statute of Frauds, the court has based its decision
on the presence of which type of fraud?
A) Fraud by concealment
B) The decision could not have been based on the presence of any of these three types of
fraud.
C) Fraud in the inducement
D) Fraud in the inception
E) The decision could have been based on the presence of any of these three types of fraud.
B
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All of the following statements about the conversion of a term policy are true EXCEPT
A) Under an attained age conversion, the premium is based on the insured's attained age at the time of conversion. B) Under an original age conversion, the policyowner must pay a financial adjustment in addition to the premium for the new policy. C) Most insurers require original age conversion to take place within a specified period (5 years, for example) of the issue of the term policy. D) Evidence of insurability is required before a conversion is permitted.
The original price per share received by the firm on a single issue of common stock is equal to the sum of the common stock and paid-in capital in excess of par accounts divided by the number of shares outstanding
Indicate whether the statement is true or false