Misrepresentation of law is a fraud that occurs when a person makes a statement of fact that he or she honestly and reasonably believes to be true even though it is not

Indicate whether the statement is true or false

FALSE

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Intangible assets differ from property, plant, and equipment assets in that they lack physical substance

a. True b. False Indicate whether the statement is true or false

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The Equal Credit Opportunity Act prohibits credit discrimination on the basis of all except:

a. the race of the applicant b. if the applicant has a checking account c. if the applicant receives public assistance d. the marital status of the applicant e. all of the other choices are legitimate concerns

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