With Reference to Assertions of Intention, Which of the Following

question 2

Multiple Choice

With reference to assertions of intention, which of the following is NOT true?

• A) Usually, assertions of intention are not considered facts.
• B) The right to misstate intentions is useful chiefly in the acquisition of business.
• C) To be a misrepresentation that will permit rescission, an assertion of intention must be false at the time made.
• D) To render a contract voidable, the false assertion of intention must be harmful in some way to other interests of the recipient.
• E) The law allows considerable leeway in the honesty of assertions of intention.

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Definitions:

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.

Enforceable

A description of a legal agreement or contract that can be upheld or compelled by law.

Certificated Security

A security that is represented in physical, paper form rather than in electronic or digital form.

Security Entitlement

A legal right or interest that an individual has in a financial asset that is held by a securities intermediary.