Mark Fails to Reveal a Material Fact in a Business

question 31

Multiple Choice

Mark fails to reveal a material fact in a business deal with Nancy. This constitutes fraudulent misrepresentation if

• A) Mark is not aware of the fact or his failure to reveal it.
• B) the fact concerns value or quality.
• C) the fact concerns a serious defect known to Mark but not to Nancy.
• D) any of the choices.

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Definitions:

Cognitive Approaches

Psychological methods that focus on understanding how thought processes influence behavior and emotions.

Albert Ellis

An American psychologist who developed Rational Emotive Behavior Therapy (REBT), emphasizing the role of beliefs and attitudes in emotional disturbance.

Rational Emotive Behavioral Therapy

A cognitive-behavioral approach to psychotherapy that emphasizes the role of rational thinking in the emotional and behavioral lives of individuals.

Cognitive-behavioral Counseling

A form of psychotherapy that emphasizes the role of thinking patterns and behaviors in the development and treatment of psychological disorders, focusing on practical skills for change.