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Riley and Her College Friends Always Talked About Starting a Business

question 15

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Riley and her college friends always talked about starting a business together, but since graduating, they have all relocated to different parts of the country. Which of the following would BEST enable Riley and her friends to build a "virtual" company without living in the same geographic location?


Definitions:

Misrepresentation

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

Fraud

A deliberate deception practiced in order to secure unfair or unlawful gain, often involving financial transactions.

Rescind

To revoke, cancel, or repeal a law, order, or agreement.

Sue

To initiate a lawsuit or legal action against an individual or entity in a court of law.

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