Which of the Following Is True of Misrepresentation of a Material

question 9

Multiple Choice

Which of the following is true of misrepresentation of a material fact?

• A) It can occur only by the words of the wrongdoer.
• B) A misrepresentation is actionable as fraud only if it is the sole factor in inducing the innocent party to enter into the contract.
• C) It is actionable as fraud if the misrepresentation is of a past or existing material fact.
• D) Predictions about the future are considered basis for fraud.

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Definitions:

First Quartile

The middle number between the smallest number and the median of the dataset, dividing the data set into lower 25% and upper 75%.

Percentile

A measure that indicates the value below which a given percentage of observations in a group falls.

10th Percentile

A value below which 10 percent of the data falls.

Measurements

The act or process of determining the size, length, or amount of something typically using standard units.