Answer:
Misrepresentation & Fraud:
a) Elements for Fraudulent Misrepresentation:
1) A representation was in fact made: This means that it was not just a mere opinion expressed by the party misrepresenting.
2) That particular representation was false: The statement made was untrue.
3) The defendant had knowledge that the representation was false: The misrepresentation was intentional on the party of the defendant.
4) The statement was made with the intention that the other party rely on it and enter into a contract or agreement: The defendant was out to induce the other party to enter the contract.
b) Kahn committed a fraud since he intentionally induced Lischner to contract on the basis of fraudulent misrepresentation. The remedy available for Lischner is to rescind the contract.
Explanation:
a) Fraudulent misrepresentation is the presentation of false facts by someone who attempts to persuade another into action with the intent to deceive. The remedy available to the deceived party is to rescind the contract or to plea for damages.
b) According to the britannica.com, "Fraud, in law, is the deliberate misrepresentation of fact for the purpose of depriving someone of a valuable possession."
576000
just divide the smallest number by the big number then you’ll get 576000
Answer:
Explanation:
The preparation of the stockholders' equity section of the balance sheet is shown below:
Common stock, $10 par value,
103,000 shares authorized and 20,000
shares of common stock issued $200,000 (20,000 × $10)
Paid in capital in excess of par value $120,000 {20,000 shares × ($16 - $10)}
Preferred stock, 3000 shares issued at par $24,000 (3,000 shares × $8)
Paid in capital in excess of par value $36,000 {3,000 shares × ($20 - $8)}
Retained earnings $60,000
Total $440,000
It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.
There were no choices.
However, to give some points on people with strong finance skills can manage a financial standing.
They would probably know when to spend or not depending on the cash, savings or earnings that they have. They can have estimations whether they are financially capable of every purchase. One other thing is they know the difference between a want and a need so they are focused on the needs which are priorities.
