A Misrepresentation Is Material If

question 62

Multiple Choice

A misrepresentation is material if:

• A)it would likely induce a reasonable person to enter into a transaction.
• B)the maker knows it would likely induce the other party to enter into the transaction.
• C)it is made knowingly.
• D)Both (a) and (b).

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Definitions:

Security Interest

A legal claim or right on assets granted to a creditor or a lender, to secure the repayment of a debt.

Automobile

A road vehicle, typically with four wheels, powered by an internal combustion engine or electric motor, used for transporting passengers.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product, offering protection against its use by others.

Copyright

The protection of the expression of a creative work; that is, protection of the fixed form that expresses the ideas.