The Element of Justifiable Reliance Requires the Misrepresentation to Be

question 42

True/False

The element of justifiable reliance requires the misrepresentation to be the sole factor in inducing the deceived party to enter into the contract.

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Definitions:

Order for Relief

Legal authorization granted by a bankruptcy court that allows a debtor protection from creditors under bankruptcy laws.

Voluntary Petition

A document filed by an individual or corporation initiating a bankruptcy case of their own accord.

Automatic Stay

A legal provision in bankruptcy law that temporarily halts lawsuits, foreclosures, garnishments, and all collection activities against the debtor the moment a bankruptcy petition is filed.

Discharged Obligations

Responsibilities, debts, or legal duties that have been fulfilled or otherwise legally terminated.