In Order to Prove Fraud,which of These Elements Must Be

question 21

Multiple Choice

In order to prove fraud,which of these elements must be shown?

• A)The innocent party knew the wrongdoer.
• B)The innocent party detected the misrepresentation prior to the contract's formation.
• C)The wrongdoer assumed a false identity.
• D)The innocent party justifiably relied on the wrongdoer's misrepresentation.

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Definitions:

Opportunity Costs

The value of the best alternative you give up as a result of choosing a different option.

Scarce Resources

Refers to the limited availability of resources that are used for the production of goods and services, necessitating choices about their allocation.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing an action.

Tuition

The fee for instruction at a school, university, or college.