A(n)________ Is an Event That Occurs When One Person Consciously

question 16

Multiple Choice

A(n) ________ is an event that occurs when one person consciously decides to induce another person to rely and act on a misrepresentation.

• A)fraudulent misrepresentation
• B)unilateral mistake
• C)bilateral mistake
• D)erroneous misrepresentation

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Definitions:

International Trade

The exchange of goods and services between countries, vital for the global economy, driven by comparative advantage, and subject to regulations and tariffs.

Customs Issues

Problems or disputes that arise in the process of importing or exporting goods, often related to the payment of tariffs, adherence to regulations, or the classification of goods.

Federal District Court

The general trial courts of the United States federal court system where civil and criminal cases are filed and heard.

Diversity of Citizenship

A basis for federal court jurisdiction when the plaintiff and defendant are citizens of different states or a foreign country, and the amount in dispute exceeds a specified threshold.