Which of the Following Criteria Must Be Satisfied in Order

question 2

Multiple Choice

Which of the following criteria must be satisfied in order for a misrepresentation to be actionable?

• A) made to a minor
• B) material to the contract
• C) made in conjunction with a threat of harm
• D) intentional

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Definitions:

Working Capital Accounts

Accounts representing the operating liquidity available to a business, encompassing accounts receivable, accounts payable, inventory, etc.

Operating Activities

Business activities and transactions related to the primary operations of a company, including revenue generation and expenses.

Issuing Common Stock

The process by which a corporation sells new shares of its common stock to investors to raise equity capital.

Financing Activities

Transactions and events whereby resources are raised for a corporation, which may affect the equity and debt of the company.