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

question 70

Multiple Choice

Obie accuses Portia,a broker with QT Investment 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:

Clozapine

An antipsychotic medication used to treat schizophrenia when other treatments have failed, known for its potential to cause agranulocytosis.

Clozapine

An atypical antipsychotic medication used primarily to treat resistant schizophrenia or reduce the risk of suicidal behavior in schizophrenia patients.

Schizophrenia

is a serious mental disorder characterized by disturbances in thought, perception, emotion, and behavior, leading to a disconnection from reality.