Which of the Following,if Any,are Requisites for Fraud in the Inducement

question 68

Multiple Choice

Which of the following,if any,are requisites for fraud in the inducement?

• A)False representation of a fact that is material.
• B)Representation is made with knowledge of its falsity and the intention to deceive.
• C)The representation is justifiably relied on.
• D)All of the above.
• E)(a) and (b), but not (c).

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Definitions:

Major Policy Decisions

Key strategic decisions made by a company's management or board of directors that affect the overall direction and policies of the organization.

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policy and strategy.

Common Stockholders

Individuals or entities that own shares of common stock in a corporation, granting them voting rights and a share in the company's profits.

Minimum Dividends

The smallest amount of dividends a company decides to pay out to its shareholders, often based on agreements or policy.