Which of the Following Is True Regarding the Tort of Fraudulent

question 77

Multiple Choice

Which of the following is true regarding the tort of fraudulent misrepresentation?

• A)A party who makes fraudulent misrepresentations must intend that other parties rely upon the misrepresentations.
• B)The injured party must have reasonably relied upon the misrepresentations.
• C)The injured party must have suffered damages because of relying on the misrepresentations.
• D)A party who makes fraudulent misrepresentations must intend that other parties rely upon the misrepresentations; the injured party must have reasonably relied upon the misrepresentations; and the injured party must have suffered damages because of relying on the misrepresentations.
• E)None of these,because most jurisdictions do not recommend an independent tort action for fraudulent misrepresentation; instead,actions for fraudulent misrepresentation are encompassed within other tort actions.

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Definitions:

Present Value

The present estimate of a forward-looking sum of money or sequence of cash returns, using a determined rate of return.

Ordinary General Annuity

A series of equal payment or receipt amounts that occur at evenly spaced intervals over a fixed period, with payments made at the end of each period.

Present Value

The present value of a sum of money or series of cash inflows expected in the future, calculated using a particular rate of return.

Ordinary General Annuity

An annuity where payments are made at the end of each period, such as monthly or annually, over a specified length of time.