Solve

question 21

Multiple Choice

Solve:

---

Definitions:

Fraud

Intentional deception made for personal gain or to damage another individual.

Punitive Damages

Punitive damages are monetary compensations awarded in lawsuits, over and above the actual damages, intended to punish the defendant for egregious misconduct and deter future similar acts.

Innocent Misrepresentation

A false statement made by someone who believes it to be true, leading another to enter into a contract or agreement under false pretenses without the intent to deceive.

Common Law Fraud

A form of fraud that involves misrepresentation, deceit, or concealment of a material fact leading to damage to another party, recognized under common law.