If the Plaintiff in a Fraud Case Was Aware That

question 314

Multiple Choice

If the plaintiff in a fraud case was aware that the key information was false, but went ahead with the deal anyway, then:

• A) the damage award will not be as high
• B) there is no fraud
• C) the defendant will not have to pay damages, but will have to pay the plaintiff's attorney fees
• D) the case will go on to a higher court
• E) the court's decision cannot be appealed

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Definitions:

Cash

A medium of exchange in the form of currency, used to conduct transactions and settle debts.

Consolidation

The process of combining the financial statements of separate companies into a single, aggregated financial statement.

Consolidated Retained Earnings

The cumulative amount of earnings of a corporation and its subsidiaries after dividends have been paid, as reported in consolidated financial statements.

Retained Earnings

The portion of net profits left in the company after dividends have been paid to shareholders.