A Party Who Speaks with a Reckless Disregard for the Truth

question 36

True/False

A party who speaks with a reckless disregard for the truth not knowing of the falsity of his or her words cannot be liable for fraud.

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Definitions:

Absolute Advantage

The capacity for a person, business, or nation to create a product or offer a service with a per-unit expense that's beneath the cost any other party can achieve for that same product or service.

Opportunity Cost

Discarding possible profits from other actions upon committing to one course.

Avatar

A graphical representation of a user or the user's character or persona, commonly used in virtual worlds, online games, and forums.

Tattoo

Permanent marks or designs made on the body by inserting pigment through pricks into the skin's dermis layer.