Which of the Following Statements,if Made by a Seller Who

question 9

Multiple Choice

Which of the following statements,if made by a seller who knows the statement to be untruthful,would NOT be misrepresentation of material fact resulting in a cause of action for fraud?

• A)"This horse is only six years old."
• B)"There is no better car in the world."
• C)"The tires have less than 5,000 miles on them."
• D)"This car gets 28 miles per gallon."

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Definitions:

Comparative Common-Size Balance Sheet

A balance sheet that presents financial figures as percentages of a total in order to facilitate year-over-year and company-to-company comparisons.

Significant Changes

Important alterations that can have a substantial impact on a company's operations, financial performance, or strategy.

Balance Sheet Components

The major sections of a balance sheet, typically including assets, liabilities, and shareholders' equity.

Average Operating Assets

The average value of assets utilized in the regular operations of a business to generate earnings, calculated over a certain period.