Which of the following is true of misrepresentation of a material fact?
A) It can occur only by the words of the wrongdoer.
B) A misrepresentation is actionable as fraud only if it is the sole factor in inducing the innocent party to enter into the contract.
C) It is actionable as fraud if the misrepresentation is of a past or existing material fact.
D) Predictions about the future are considered basis for fraud.
C
You might also like to view...
Comment on the following potential problems areas in the diagnostic phase: over diagnosis, crisis diagnosis, practitioner's favorite diagnosis, diagnosis of symptoms, and threatening diagnosis
What will be an ideal response?
A Texas oil company had struggled to meet profit targets due to declining production. Five years ago, its CEO testified before Congress against climate change regulation
Today, the company is ramping up production of lithium fuel cells. This reflects what business community shift regarding climate change? A) demonstrating awareness of social responsibility B) saving on labor expenses C) gaining competitive advantage D) finding new markets E) wanting to influence regulation