Examlex
Auditors are appointed by the Securities and Exchange Commission to audit company financial statements.
Fraudulent Misrepresentation
A false statement made knowingly, without belief in its truth, or recklessly, with the intention to deceive others and induce them into a contract.
Unilateral Mistake
A situation in contract law where only one party is mistaken about a fundamental aspect of the contract, which under certain conditions, may lead to the contract being voided.
Elements
Fundamental components or aspects that constitute the essential characteristics of something.
Type of Fraud
Specific categories of deceit or trickery intended to gain an unfair or unlawful advantage, such as identity theft or insurance fraud.
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