Obie Accuses Portia,a Broker with QT Financial Services,of Fraudulently Inducing

question 5

Multiple Choice

Obie accuses Portia,a broker with QT Financial Services,of fraudulently inducing him to invest in Risky Development Company,whose stock price declines in value.The reliance that gives rise to liability for fraud requires

• A)a subjective statement.
• B)misrepresentation of a fact knowing that it is false.
• C)puffery.
• D)seller's talk.

---

Definitions:

Productive

The ability of an individual, company, or economy to produce goods or services efficiently.

Foreign Economies

Pertains to the economic systems and conditions of countries other than one's own, including their markets, resources, and economic policies.

Unemployment Benefits

Payments made by the government or other authorized bodies to unemployed individuals who meet certain eligibility criteria.

Wealthy Minority

A small segment of the population that holds a disproportionately large share of the total wealth and economic resources of a society.