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.

---

Definitions:

Act-Learn-Build

A cyclical process model for innovation and development that emphasizes taking action, learning from outcomes, and building upon the insights acquired.

Risk Takers

Individuals or entities willing to engage in behaviors or decisions that involve potential losses or failure in pursuit of potential gains.

For-Profit Business

A type of organization that operates with the principal goal of making profits for its owners or shareholders.

Nonprofit

Reiteration of nonprofit organizations, indicating entities devoted to advancing a social cause without the aim of making a profit.