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Ilya [14]
4 years ago
6

The statutory cause of action differs from the common law only in that to recover actual damages, it does not require proof that

the defendant made a material false representation knowing it to be false or made it recklessly as a positive assertion without any knowledge of its truth.
a. True
b. False
Business
1 answer:
babunello [35]4 years ago
7 0

Answer:

The correct answer is letter "A": True.

Explanation:

There are different types of fraud laws that apply according to the state where the deceiving behavior took place. Among those types of laws, we can identify the <em>Common Law Fraud Claim, Fraud in the Inducement Cause of Action, </em>and <em>the Statutory Fraud Law.  </em>

The Statutory Fraud Law applies in real estate only when a misleading representation took place in an attempt to induce an individual to engage in a contract. <em>To recover damages the statutory law does not require proof that the party accused made a misleading representation or acted without knowing harm could be caused by his or her actions. The Common Law Fraud Claim requires some sort of proof of the defendant's misrepresentation.</em>

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The balance of​ Morgan, Capital at the beginning of the year and the end of the year was $ 45,000 and $ 70,000​, respectively. T
Anna35 [415]

Answer:

$48,000

Explanation:

Given that,

Ending owner's equity = $70,000

Beginning owner's equity = $45,000

Owner's withdrawals = $23,000

There were no new capital contributions during the year.

Net income (loss):

= Ending owner's equity - Beginning owner's equity + Owner's withdrawals

= $ 70,000 - $ 45,000 + $ 23,000

= $48,000

Therefore, the net income for the year is $48,000.

6 0
3 years ago
Which component within a corporation elects the board of directors?
dmitriy555 [2]

Answer:

A. shareholders

Explanation:

i took the quiz sorry i did not do it sooner

3 0
3 years ago
Suppose that the adult population in the country of Atlantis is 140 million. If 90 million people are employed and 10 million ar
Lelu [443]

Let's assume that Atlantis has 140 million adult residents. If there are 90 million employed people and 10 million unemployed people, that leaves 40 million people out of the labor force.

What does the term "labor force" mean?

All people who meet the criteria for inclusion among the employed or unemployed make up the labor force, also known as the population that is currently engaged in labor-force activities. The term "employed" refers to people who work for pay or profit at least one hour per week or who hold a job but are momentarily off the clock due to illness, vacation, or a strike. The armed forces include anyone who served in the armed forces during the time in question, whether they were stationed in the metropolitan territory or elsewhere, and was selected from the pool of all workers available.

Know more about unemployed people visit:

brainly.com/question/13546318

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6 0
1 year ago
Factors of production are the parts of the economy that:
svetoff [14.1K]
Factors of production are the parts of the economy that: c. are necessary for creating goods and services.

Option C
4 0
3 years ago
Why is it important to maintain network relationships, even after you have found a job?
blagie [28]

<span>It is important to still maintain network relationships even after you have found a job because it is useful in building career. In addition, should you decide to build your own business, your network will help you achieve success. Connection with people is the key in achieving your career and business goals. It is essential that you build and nurture it even after you are hired. </span>

7 0
4 years ago
Read 2 more answers
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