Actionable Fraud Would Be Likely to Be Based on Falsity

question 57

Multiple Choice

Actionable fraud would be likely to be based on falsity of:

• A) a car owner's statement that,"This car is the best buy you will find."
• B) a realtor's statement that,"The contractor used 25-year warranted shingles on the roof."
• C) an art dealer's statement that,"This painting will increase in value."
• D) a stockbroker's statement that,"This stock should double in price within six months."

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.

Health Care Costs

Expenses related to the provision of health care services, including the cost of treatments, medications, medical procedures, and hospital stays.

Stock Market

a public market for buying and selling shares of publicly held companies, facilitating equity investments and capital raising for companies.

Family and Medical Leave Act

A U.S. labor law that provides employees with unpaid, job-protected leave for family and health-related reasons.