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Anestetic [448]
3 years ago
11

Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, w

hose stock price declines in value. The reliance that gives rise to liability for fraud requires​
Business
1 answer:
Ghella [55]3 years ago
7 0

Options:

A. Subjective statement

B. Misrepresentation of a fact knowing that it is false.

C. Puffery

D. Seller's talk

Answer:B. Misrepresentation of a fact knowing that it is false.

Explanation:The misrepresentation of fact is a term used most often in the legal system to describe one of the steps or attitudes of people who are fraudulently inclined and want to go into contracts.

Misrepresentation of fact is an untrue statement or dishonest acts aimed at fraudulently inducing one or more persons to commit to a contract,this type of activity is abnormal and common to people who want to steal.

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8 0
2 years ago
Tami contracts with Construction Inc. to build a valuable structure on her yard. Tami's neighbor, Frank, is pleased about this c
xz_007 [3.2K]

Answer:

Tami and Construction Inc. Vs. Frank

Can Frank sue Tami or Construction, Inc. and recover damages if either party breaches the contract?

Frank will not be successful if he sues either party because he is an incidental beneficiary.

Explanation:

Frank is just an incidental beneficiary and a third party who benefits from the contract between Tami and Construction, Inc.  The contract is not intended to benefit Frank.  Therefore, Frank does not have any legal rights under the contract.  He cannot successfully sue Tami or Construction, Inc. if either party breaches the contract.  He lacks the contractual rights to sue either party.

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3 years ago
The table shows a schedule of Evita’s payment plan for a used car. Evita’s Payment Plan for the First Three Years Year Balance M
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