Reliance on a Misrepresentation Is Justified If the Misrepresentation Is

question 48

True/False

Reliance on a misrepresentation is justified if the misrepresentation is an obviously extravagant statement.​

---

Definitions:

Word Of Mouth

The process of consumers sharing information and opinions about products and services with others in their social networks, which significantly influences purchasing decisions.

Local Banker

A banker who operates within a specific regional area, often familiar with the local market and community-based financing needs.

Local College

A post-secondary institution usually offering a range of degrees and certificates primarily serving students in its surrounding geographical area.

Established Customer Base

A group of loyal customers a business has successfully developed over time, which forms the core of its regular buyers or clients.