Which of the Following Is Not One of the Key

question 49

Multiple Choice

Which of the following is not one of the key elements common to all frauds?

• A) Perceived pressure
• B) Perceived inequality
• C) Perceived opportunity
• D) Rationalization

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Definitions:

Legal Action

A formal proceeding by which a party seeks to enforce or protect a legal right through a court of law.

Mutual Mistake

A legal concept where both parties involved in a contract have a shared misunderstanding about a critical fact of the contract.

Unilateral Mistake

Occurs when one party to a contract is mistaken about a basic assumption on which they made the contract, and the other party either knows or has reason to know of the mistake.

Standard-Size

Refers to products or items that are made to adhere to specific, established dimensions or norms commonly accepted in their category.