Which of the Following Is True with Regard to Misrepresentation

question 6

Multiple Choice

Which of the following is true with regard to misrepresentation?

• A) Fraud in the execution is defined as some misrepresentation about the subject of the contract.
• B) Fraud in the inducement is defined as a misrepresentation as to the character of the contract.
• C) If a misrepresentation is intentional, it is non-fraudulent.
• D) If a misrepresentation is unintentional, it is fraudulent.
• E) A non-fraudulent misrepresentation can be innocent.

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Definitions:

Student Loan Interest

The cost paid for borrowing money for education, which can sometimes be deductible on federal taxes.

Educational Institution

An organization dedicated to education, such as a school, college, university, or training center.

Self-Employed Taxpayers

Individuals who work for themselves and are responsible for paying their own taxes directly to the IRS.

Above-The-Line Deduction

A financial deduction in U.S. income tax that can be taken before the adjusted gross income (AGI) is calculated.