Which of the Following Is True of Misrepresentation of a Material

question 9

Multiple Choice

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.

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Definitions:

Shortage Of Labor

A situation in which the demand for labor exceeds the supply available, often leading to increased wages and a struggle for employers to fill job positions.

Policymakers

Individuals or groups responsible for making decisions and creating rules or laws that shape the governance, economy, and societal conduct.

Legal Decree

An official order issued by a legal authority with the force of law behind it.

Allocation Of Society's Resources

The distribution of a society's wealth and resources among its population and industrial sectors, often influenced by economic policies and priorities.