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Which Assertion About Books Is Correct

question 28

Multiple Choice

Which assertion about books is correct?


Definitions:

Disclaimer

A statement that denies something, especially responsibility.

Negligent Misrepresentation

A false statement made carelessly that induces another party to enter into a contract, resulting in harm or loss.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly designed to induce another party to enter into a contract.

Scienter

Knowledge of wrongdoing or fraudulent intent, often required to be proven in cases of securities fraud.

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