All of the Following Are Conditions for Fraud Except

question 98

Multiple Choice

All of the following are conditions for fraud except

• A)false representation
• B)injury or loss
• C)intent
• D)material reliance

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Definitions:

Chapter 7

A type of bankruptcy that involves the liquidation of a debtor's non-exempt assets by a trustee to pay creditors.

Secured Creditors

Creditors who have a legal right to seize specific assets of the debtor if the debtor fails to repay the debt as agreed.

Moratorium

A temporary suspension or delay of an activity or law, often used by governments in response to economic or emergency situations.

Chapter 7 Bankruptcy

A provision of the bankruptcy code that involves the liquidation of a debtor's assets to repay creditors.