Which of the Following Is Most Likely to Constitute Fraud

question 5

Multiple Choice

Which of the following is most likely to constitute fraud?

• A)A false prediction that a painting's value will rise.
• B)A false statement that a used car is "the best deal in town."
• C)A false statement that a $30,000 car attracts members of the opposite sex.
• D)Silence as to a toxic waste problem on real property that the buyer would not reasonably find.

Understand the legal principles of bailment and the liabilities of bailees.

Identify the differing standards of care required by various types of bailees, including common carriers, private carriers, and innkeepers.

Analyze cases of loss or damage within bailment relationships and determine potential liabilities.

Explain the importance of notices and contractual terms in limiting the liability of bailees.

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Definitions:

Limbic System

A collection of structures in the brain that includes the hippocampus, amygdala, septum, thalamus, and hypothalamus. These structures produce feelings such as pleasure, pain, anger, sexuality, fear, and affection. Referred to as the “emotional brain” and works in concert with other parts of the brain, such as the frontal lobes.

Histones

Proteins that wrap around DNA to help form chromosomes.

Chromosomes

Forty-six tiny strands of DNA, found in the nucleus of each cell of the body, which are the source of biological inheritance.

Genes

Functional units or sections of DNA that provide a blueprint or code to the cell for how to produce proteins and enzymes. Found on chromosomes, they come in matching pairs, one from each parent.