A Misrepresentation of Law Is Actionable as Fraud as the Innocent

question 41

True/False

A misrepresentation of law is actionable as fraud as the innocent party cannot know every legal detail that applies to the situation.

---

Definitions:

Renovation Expense

Costs incurred to update, restore, or adapt a part of a building or facility for improved functionality or appearance.

Straight-Line Depreciation

Straight-line depreciation is a method of evenly distributing the cost of a tangible asset over its useful life.

Income Taxes

Taxes levied on the income of individuals or businesses by the government.

Operating Cash Inflow

Cash generated from the core business operations of a company during a specific period.