A Fraudulent Misrepresentation Can Be Based on Statements of Fact

question 24

True/False

A fraudulent misrepresentation can be based on statements of fact, opinion, predictions about the future, or a representation of law.

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Definitions:

Buyer

An individual or organization that makes a purchase or is a potential customer for products or services.

Need Arousal

The process of stimulating interest or desire in a customer for a product or service, often through marketing or sales strategies.

Buying Decision

The process by which a consumer decides whether or not to purchase a product or service, often influenced by factors such as need, desire, and budget.

Basic Steps

Fundamental stages or actions that are involved in a process or procedure.