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

question 5

Multiple Choice

Obie accuses Portia,a broker with QT Financial Services,of fraudulently inducing him to invest in Risky 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:

Gibberellins

A group of plant hormones that stimulate stem elongation, germination, and flowering among other developmental processes.

Carpel

The female reproductive organ of a flower, encompassing the ovary, style, and stigma.

Petals

The colorful parts of a flower, often brightly colored to attract pollinators.

Stamens

The male reproductive organs of a flower, consisting of an anther and a filament, responsible for producing and releasing pollen.