Misrepresentation by Omission Is Defined as Actually Lying About the Common-Value

question 90

True/False

Misrepresentation by omission is defined as actually lying about the common-value issue.

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Definitions:

Actual Authority

The express and implied powers that an agent has been legitimately granted by a principal in an agency relationship.

Exceed

To go beyond the limits or expectations of something.

Unforeseen Emergency

involves situations or events that could not have been reasonably anticipated and require immediate action to prevent or mitigate harm.

Power of Attorney

is a legal document that grants one person the authority to act on behalf of another person in legal or financial matters.