When the Party Making the Statement Would Have Known the Truth

question 50

True/False

When the party making the statement would have known the truth about the fact had he used reasonable care to discover or reveal it, a negligent misrepresentation results.

---

Definitions:

Renewable Resources

Natural resources that can be replenished naturally over time, such as solar energy, wind energy, and biomass.

Technology

The application of scientific knowledge for practical purposes, especially in industry, where it encompasses processes, inventions, and methods to solve problems or improve existing solutions.

Functional Benefit

The practical or useful advantage offered by a product or service that satisfies specific needs of the consumer.

Societal Benefit

Advantages offered by a product, service, or organization that positively impact communities or society at large, not just individual consumers.