An Innocent Party Does Not Need to Suffer an Injury

question 48

True/False

An innocent party does not need to suffer an injury to collect damages as a result of a misrepresentation.

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Definitions:

Cumulative Voting

Procedure where a shareholder may cast all votes for one member of the board of directors.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Shares Of Stock

Units of ownership interest in a corporation that give the owner a share in the company's profits and voting rights.

Market Rate

The prevailing interest rate available in the marketplace for similar financial instruments or loans.