As Demonstrated in the Case in the Text,Stephen A

question 38

Multiple Choice

As demonstrated in the case in the text,Stephen A.Wheat Trust v.Sparks,concealment can provide a basis for a claim of fraud.Which of the following statements about concealment is false?

• A)Concealment is not used to support a claim of fraud in cases involving the sale of real property.
• B)Concealment is equivalent to an assertion.
• C)Concealment is taking active steps to prevent another from learning the truth.
• D)Concealment can be the basis for a claim of misrepresentation.

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to the benefit of society at large.

Adam Smith

An 18th-century Scottish economist known as the father of modern economics, best remembered for his theory of the invisible hand.

Wealth Of Nations

A seminal book by Adam Smith, published in 1776, that discusses what builds nations’ wealth, emphasizing the importance of a free market economy.