Mark Fails to Reveal a Material Fact in a Business

question 24

Multiple Choice

Mark fails to reveal a material fact in a business deal with Nancy. This constitutes fraud

• A)if Mark is unaware of the fact and the failure.
• B)if the amount of consideration received is grossly inadequate.
• C)if the fact concerns a serious defect known to Mark and unlikely to be known by Nancy.
• D)under any circumstances.

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Definitions:

Legal Immigration

The process by which individuals from other countries move to a new country to reside permanently in accordance with its laws.

Economic Effects

The broad impact of financial activities and policies on a country's economy, including factors like growth, employment, and inflation.

Immigration

The process by which individuals move into a country of which they are not natives or where they do not possess citizenship, in order to settle or reside there.

Tax Revenues

The income that is received by a government from taxpayers within its jurisdiction, used to fund public services and obligations.