Ruth Owns a Home on Which She Has Two Mortgages

question 20

Multiple Choice

Ruth owns a home on which she has two mortgages provided by Security Bank.Town Refinance Inc.tells Ruth that it can refinance the loans to reduce her payments.Town Refinance provides all of the required documents,which accurately state the payments under the new loan as higher.Ruth does not read the documents.Town Refinance is most likely liable for

• A)fraud.
• B)misrepresentation.
• C)negative amortization.
• D)nothing.

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Definitions:

Greatest Good

A principle in ethics and philosophy that refers to the greatest amount of good for the greatest number of people, often used in the context of utilitarian decision-making.

Ethics Theory

The study and philosophy concerning the principles of right and wrong conduct.

Shannon Bowen

A scholar in the field of public relations, known for her work on ethics and her contribution to ethical decision-making within PR practices.

PR Ethics

Principles and standards that guide the professional conduct of public relations practitioners.