Identify Whether the Following Statements Could Result in Actionable Fraud

question 53

Essay

Identify whether the following statements could result in actionable fraud and why or why not.
a. A statement by an art dealer to a potential buyer, "I think this painting is underpriced because the artist is now gaining national recognition."
b. A vacuum cleaner salesperson's statement, "This machine is the best available for the cost."
c. A city councilman's statement to a fellow councilman that, "If we vote for that action, the resulting consolidation will be illegal."

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Definitions:

One Week

A period of time consisting of seven consecutive days.

Virtual Teams

Groups of people working together from different geographical locations via digital communication tools.

Greater Autonomy

Having more independence or freedom to make one's own decisions without much external influence or control.

Co-Located Teams

Teams whose members work together in the same physical location, facilitating direct interaction and collaboration.