A Fraud Is a Deliberate Act or Untruth Intended to Obtain

question 67

True/False

A fraud is a deliberate act or untruth intended to obtain unfair or unlawful gain.

---

Definitions:

Overstock

It refers to an excessive amount of inventory that a business holds, which exceeds the demand for those products.

Seafood Distributor

A business entity involved in the wholesale or retail distribution of seafood products to various outlets including markets and restaurants.

Commercial Fisher

A person or business involved in the catching and selling of fish for commercial purposes.

Voidable

Describes a legal transaction or agreement that may be nullified or rescinded by one or more parties.