Company ABC Is Trying to Determine Which Products It Should

question 22

True/False

Company ABC is trying to determine which products it should introduce.It is more efficient for Company ABC to produce a large quantity of a limited number of goods.

---

Definitions:

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Actual Fraud

Actual fraud refers to intentional deception or misrepresentation made by one party with the knowledge of its falsehood, intending to persuade another party to part with something of value or to surrender a legal right.

Constructive Fraud

A situation where dishonesty is presumed by the nature of the transaction, despite the absence of intent to deceive.

Innocent Misrepresentation

A false statement made without knowledge of its falsity, leading another to enter into a contract they otherwise might not have.