Which of the Following Are Elements of Fraudulent Misrepresentation

question 3

Multiple Choice

Which of the following are elements of fraudulent misrepresentation?

• A)A false statement and a mutual mistake
• B)A false statement and intent to deceive
• C)Intent to deceive and negligent representation of a material fact
• D)A commercial relationship between the parties and negligent misrepresentation of a material fact
• E)A non-commercial relationship between the parties and duress

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Definitions:

Alternatives Sequentially

The process of considering and evaluating different options one after another in a systematic order.

Mental Models

Internal representations of the external world that individuals use to understand and interact with their environment.

Emerging Problems

New or upcoming challenges that are not yet fully understood or recognized.

Subjective Expected Utility

A decision-making process that evaluates the desirability of different outcomes based on the individual's subjective assessment of their likelihood and value.