Gilles Tampers with the Odometer of a Car He Is

question 18

Multiple Choice

Gilles tampers with the odometer of a car he is trying to sell. In order to convince the buyer that the car has run fewer miles than it actually has, he manually sets the odometer to the numbers of miles he wants displayed. In this scenario, Gilles is guilty of _____.

• A) fraud with intent to deceive
• B) fraud by silence
• C) duress
• D) caveat emptor

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Definitions:

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference point for various types of loans.

Rate Of Interest

The percentage at which interest is charged or paid over a specific period of time on borrowed or saved money.

Unsecured Loan

A loan that is issued and supported only by the borrower's creditworthiness, without any collateral.

Short-Term Loan

A type of loan that is scheduled to be repaid in less than a year.