A Fraudulent Misrepresentation

question 48

Multiple Choice

A fraudulent misrepresentation:

• A)must be material to obtain rescission.
• B)must be material to recover damages.
• C)may be innocent, meaning the representation was made without knowledge of its falsity but with due care.
• D)need not have the element of scienter.

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Definitions:

Unstated Assumptions

Implicit premises or beliefs that underpin arguments or decisions, which are not explicitly expressed.

Learning Tool

A resource, device, or strategy used to facilitate learning and improve understanding of a subject.

Psychological Knowledge

Understanding and insights related to the human mind and behavior, encompassing aspects of cognition, emotion, and interpersonal relationships.

Destructive Purposes

Activities or actions undertaken with the intention of causing harm or destruction to objects, systems, or beings.