Intentional Misrepresentation Is Considered Fraud

question 62

True/False

Intentional misrepresentation is considered fraud.

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Definitions:

Usury Law

Legislation that sets maximum interest rates that can be charged on loans, to protect consumers from excessive charges.

Interest Rate

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount annually.

Equilibrium Rate

The price or level at which supply and demand in a particular market are equal.

Usury Law

Legislation designed to regulate interest rates by setting a maximum rate that can be charged on loans and credit.