The Tort of Deceit Involves

question 129

Multiple Choice

The tort of deceit involves:

• A)use of the criminal justice system to improperly attack a competitor.
• B)a negligent misstatement by a professional.
• C)misleading the public as to the origin of a particular good.
• D)a person intentionally misleading another,cheating him or her out of money.
• E)the intentional misappropriation of the property of another.

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Definitions:

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Supply Decreases

A situation in which the quantity of a product or service that producers are willing and able to sell at all possible prices falls.

Demand Increases

A situation where there is a rise in the quantity of a product or service that consumers are willing and able to purchase at a given price.

Equilibrium Price

The price at which supply and demand for a product or service balance, leading to an stable market condition.