To Be Grounds for Fraud,a Misrepresentation Must Relate To

question 51

Multiple Choice

To be grounds for fraud,a misrepresentation must relate to:

• A)A material existing fact.
• B)A any existing fact.
• C)A statement of opinion.
• D)A past event.
• E)A written statement.

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Definitions:

Unamortized Discount

The portion of a bond's issue price that is below its face value and has not yet been amortized over the life of the bond.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or gradually written off over the life of the bond.

Installment Note

A debt instrument that requires a series of periodic payments (installments) of principal and interest over a specific period until the debt is paid off.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in the discounting of future cash flows to understand their value in present terms.