To Be Actionable as Fraud, the Misrepresentation Must Have Been

question 44

True/False

To be actionable as fraud, the misrepresentation must have been the sole factor in inducing the innocent party to enter into the contract.

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to give up some amount of one good in exchange for another good while keeping the same level of utility.

Consumption Doubled

A scenario where the amount of goods or services consumed by an individual or within an economy is increased by 100%.

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable in consumption or production.

Equal Amounts

A term referring to identical quantities or volumes of a given item or resource, implying a state of equilibrium or balance.