Which of the Following Is Not Needed to Establish the Tort

question 342

Multiple Choice

Which of the following is not needed to establish the tort of intentional misrepresentation:

• A) scienter or intent to defraud
• B) intent to induce reliance
• C) justifiable reliance by the plaintiff on the misrepresentation
• D) relationship between the parties
• E) all of the other choices are necessary elements to show the tort existed

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Definitions:

Structuralist View

An economic perspective that emphasizes the role of structural factors, such as institutional, social, and technological aspects, in determining economic outcomes.

Allocative Inefficiency

A situation in which resources are not allocated in a way that maximizes total welfare or societal well-being.

Illegal Business Behaviors

Illegal business behaviors encompass actions by companies that violate laws or regulations, such as fraud, insider trading, and environmental violations.

Natural Monopoly

A market condition where a single firm can supply the entire market's demand for a good or service more efficiently than multiple competing firms due to high fixed or startup costs associated with the industry.