Obie Accuses Portia,a Broker with QT Financial Services,of Fraudulently Inducing

question 72

Multiple Choice

Obie accuses Portia,a broker with QT Financial Services,of fraudulently inducing him to invest in Riske Development Company,whose stock price declines in value.The reliance that gives rise to liability for fraud requires​ 

• A) ​a subjective statement. 
• B) ​misrepresentation of a fact knowing that it is false. 
• C) ​puffery. 
• D) ​seller's talk.

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Definitions:

Quantitative Information

Data that is measurable and can be expressed numerically, facilitating objective analysis.

Performance Standards

Benchmarks established to measure the quality, efficiency, and effectiveness of an organization's operations, products, or services.

Corrective Action

A process or set of measures taken to rectify a problem or address a non-conformity in procedures or practices.

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats of an organization or project.