Which of the following is true of misrepresentation?
A) A misrepresentation is not actionable unless the innocent party relied on the misrepresentation and acted on it.
B) An innocent party who acts in reliance on a misrepresentation need not justify his or her reliance.
C) An innocent party must prove that the wrongdoer's misrepresentation was the sole reason he or she entered into the contract.
D) An innocent party need not prove economic injury to recover damages for fraud.
A
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In a silent second fraud case, the primary lender is unaware that the buyer is borrowing the down payment from the seller.
a. true b. false
The ________ seeks to prevent unfair price discrimination by ensuring that sellers offer the same price terms to customers at a given price level
A) FTC's "Guides against Deceptive Pricing" B) Robinson-Patman Act C) Sherman Act D) Clayton Act E) Automobile Information Disclosure Act