A[n] ______ Misrepresentation Results from a False Statement About a Fact

question 31

Multiple Choice

A[n] ______ misrepresentation results from a false statement about a fact material to an agreement that the person making the statement believed to be true.

• A) Wrongful
• B) Innocent
• C) False
• D) Misleading
• E) Illegal

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Definitions:

Lemon Laws

Statutes that provide remedies to consumers for products, typically vehicles, that repeatedly fail to meet standards of quality and performance.

Defective Parts

Components or elements of a product that are faulty, flawed, or do not meet specified standards of quality.

Punitive Damages

Monetary compensation awarded to a plaintiff that exceeds simple compensation and is intended to punish the defendant for egregious behavior.

Special UCC Exception

A unique or specific deviation from the general rules established under the Uniform Commercial Code, which governs commercial transactions in the United States.