If an Innocent Misrepresentation Has Been Made, the Aggrieved Party

question 43

True/False

If an innocent misrepresentation has been made, the aggrieved party may sue for damages.

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Definitions:

Dividend

A distribution of corporate profits or income ordered by the directors and paid to the shareholders.

Direct Suit

A legal action initiated directly against an individual or entity without the need for intermediary processes.

Administrative Complaint

A formal allegation or charge filed with a governmental or regulatory agency, often related to violations of laws or regulations.

S Corporation

A special designation for a corporation that allows income, losses, deductions, and credits to pass through to shareholders for federal tax purposes.