Which of the Following Is True of Fraudulent Misrepresentation

question 21

Multiple Choice

Which of the following is true of fraudulent misrepresentation?

• A) A fraudulent misrepresentation is never a crime.
• B) Fraudulent misrepresentation is a misstatement of facts that is unintentionally made and justifiably relied upon.
• C) If a statement of fact is made false by later events, it must be disclosed as false.
• D) A half-truth cannot amount to misrepresentation.
• E) A typist's unnoticed error in a letter cannot amount to misrepresentation.

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Definitions:

Copyrights

Legal rights granted to an author, artist, or creator for the protection of their original works, preventing unauthorized reproduction.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets.

Bonds Payable

Long-term liabilities representing money a company must pay back to bondholders by a specified maturity date, including the borrowed principal amount and periodic interest payments.

Intangible Asset

An asset that is not physical in nature, such as patents, trademarks, and copyrights.