Which of the Following Is True of Misrepresentation

question 33

Multiple Choice

Which of the following is true of misrepresentation?

• A) An intentional misrepresentation by an agent is not considered fraud or deceit.
• B) The principal is not liable for an agent's intentional misrepresentation.
• C) A third party cannot recover damages from the principal due to an agent's intentional misrepresentation.
• D) The principal is liable for an agent's innocent misrepresentation.

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Definitions:

Classical Economists

Economists from the late 18th and early 19th centuries who focused on the development of concepts like supply and demand, and the invisible hand theory.

Market Economy

A type of economic system where supply and demand determine the production of goods and services with minimal government intervention.

Prices

The amount of money required to purchase a good or service, determined by factors like supply and demand, production costs, and competition.

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given time period.