What Criteria Must Be Satisfied in Order for a Misrepresentation

question 53

Multiple Choice

What criteria must be satisfied in order for a misrepresentation to be actionable?

• A) the misrepresentation must be made to a minor
• B) the misrepresentation must be material to the contract
• C) the misrepresentation must be made in conjunction with a threat of harm
• D) the misrepresentation must be intentional

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Definitions:

Semi-Annual

Occurring twice a year, or every six months.

Quoted

Refers to the current price of a security, commodity, or index as provided by a market or exchange.

Callable Bond

A type of bond that the issuer has the right to repay before its maturity date, at a predetermined call price.

Sinking Fund

A reserve fund established by a company to repay debt or replace a major asset in the future.