Fraud in the Inducement Will Render an Agreement Void

question 7

True/False

Fraud in the inducement will render an agreement void.

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Definitions:

Equity

The residual interest in the assets of a business after deducting its liabilities, representing the ownership interest of shareholders.

Assets

Resources owned by a business or individual that have economic value and can be used to meet debts or commitments.

Liabilities

Financial obligations or debts a company owes to external parties.

Certificate Of Deposit

A Certificate of Deposit is a savings certificate with a fixed maturity date and specified fixed interest rate that is issued by commercial banks.