Fraud Does Not Exist If the Victim of the Misrepresentation

question 63

True/False

Fraud does not exist if the victim of the misrepresentation could have found out the truth, but relied instead on the statement of the defendant.

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Definitions:

Market Signaling

Actions taken by buyers and sellers to communicate quality in a world of uncertainty.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, and habits.

Risk-loving

Refers to a preference for risk when making choices under uncertainty, where a greater level of risk is associated with the potential for higher rewards.

Negative Expected Value

A statistical condition where the anticipated result of an investment is less than the initial cost.