One Difference Between Fraud and Misrepresentation Is That

question 17

Multiple Choice

One difference between fraud and misrepresentation is that:

• A)there is no requirement of materiality in fraud cases.
• B)in fraud cases,the injured party has the additional option of suing in a tort action for the resulting damages.
• C)misrepresentation requires knowledge of the falsity of the misstatement,but fraud doesn't.
• D)false statements of opinion can be fraud,but not misrepresentation.

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Definitions:

Compounded Quarterly

The process of adding interest to the principal amount of an investment or loan on a quarterly basis, leading to interest on interest.

Equivalent Payment

A method of determining the amount of regular payments that would have the same value as a different payment structure, often used in finance to compare loans or investments.

Annual Rate of Inflation

The percentage increase in the price of goods and services over one year, reducing purchasing power.

Canadian Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care in Canada.