An Innocent Party Does Not Need to Suffer an Injury

question 48

True/False

An innocent party does not need to suffer an injury to collect damages as a result of a misrepresentation.

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Definitions:

Principal

The original amount of money invested or loaned, before interest.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods.

Semi-annually

Occurring twice a year or every six months.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, leading to an increase in interest earnings over time.