Misrepresentation of a Material Fact Cannot Occur Through Words Alone

question 30

True/False

Misrepresentation of a material fact cannot occur through words alone.

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Definitions:

Amortized

The process of gradually reducing a debt through regular payments over time, which include both principal and interest components.

Borrower Defaults

Borrower defaults occur when a borrower fails to meet the legal obligations of a loan, such as not making scheduled payments.

Legal Documents

Written instruments that express rights, duties, entitlements, or liabilities legally enforceable by judicial action.

Stocks And Bonds

Financial instruments that represent an ownership share in a company (stocks) and debt obligations of an entity (bonds), respectively.