When a Fact Is Known to the Agent of a Seller

question 33

True/False

When a fact is known to the agent of a seller, but the seller actually is uninformed of such fact, the sale is deemed made by the seller with knowledge of that fact.

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Definitions:

Vertical Merger

A combination of two or more companies at different stages of production in the same industry.

Conglomerate Company

A large corporation that owns a diversified group of other companies across various industries, with no single business dominating its portfolio.

Minority-Owned

Refers to a business that is at least 51% owned, controlled, and operated by individuals from a recognized minority group.

Small Businesses

Independent enterprises with limited size and revenue, characterized by fewer employees and lesser market share compared to larger companies.