Examlex
The following 2009 information relates to Raddatz, Inc.:
a. Calculate the net cash flows from operating activities. Show your work.
b. Calculate the net cash flows from investing activities. Show your work.
c. Calculate the net cash flows from financing activities. Show your work.
d. Calculate the net change in cash. Show your work.
Concealment
In contract law, taking active steps to prevent another from learning the truth.
Nondisclosure
The obligation to keep certain information confidential and not share it without authorization, typically enforced through agreements.
Innocent Misrepresentation
a false statement made without knowledge of its falsity, but not intended to deceive, which may allow for some remedies if it leads another party to enter into a contract under false pretenses.
Scienter
In cases of fraud and deceit, the word means knowledge on the part of the person making the representations, at the time when they are made, that they are false. In an action for deceit, scienter must be proved.
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