Even If Misrepresentation Is Innocent, the Party Who Engaged in Misrepresentation

question 133

True/False

Even if misrepresentation is innocent, the party who engaged in misrepresentation is liable for losses suffered by the party who received the bad information.

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Definitions:

Controlling Investor

An individual or entity that holds a significant portion of a company's shares, yielding the power to influence or direct the company's management and decisions.

Parent

In a business context, the term usually refers to a parent company that holds a controlling interest in subsidiary companies.