Constructive Fraud Is Defined as Intentional Misrepresentation or Omission of a Material

question 49

True/False

Constructive fraud is defined as intentional misrepresentation or omission of a material fact that is relied on by the client and causes the client damages.

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Definitions:

Tax Rate

The portion of income or profits the government takes as tax from a person or company.

Unlevered Value

Unlevered value is the value of a company or investment assuming it has no debt financing, focusing solely on its equity value.

Tax Rate

The proportion of financial income that is taxed from either a person or a corporate body.

Unlevered Rate

A financial metric that measures the return on investment without considering the impact of financial leverage.