Jackson motors tells sue, a consumer, that bliss automobiles are made with metal bodies when they are in fact made of fiberglass. This would be considered a fraudulent misrepresentation.
Under contract law, a plaintiff can recover compensatory damages against any defendant when the court finds that the defendant has committed a fraudulent misrepresentation. Courts will find that a defendant has committed a fraudulent misrepresentation when following factors have been met:
a representation was made by the defendant, the representation which was made was false
that when it is made, the defendant knew that the representation made by him was false.
that the fraudulent misrepresentation was made with the intention so that the plaintiff rely on it.
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Answer:
$48,000
Explanation:
The computation of the total amount paid to the preferred shareholder is shown below:
= Number of preferred stock shares × par value × dividend rate × number of years
= 1,200 shares × $100 × 10% × 4 years
= $48,000
Simply we multiplied with the number of preferred stock with the par value, its dividend rate and the time period so that the correct value can come
All other information which is given is not relevant. Hence, ignored it
The standard repayment plan is the basic plan for repaying student loans. You're automatically placed in this plan when you start repayment, unless you select a different option.
Answer:
$2,600
Explanation:
We will have to focus on the annual result and the dividends that were paid because these dividends decreases the retained earnings. There is no impact of can flow while insurance of stock falls withing result for the year.
In 2016, income was $1,200 minus dividends allocated $200
= $1,200 - $200
Retained earnings= $1,000
2017 result of ($500) without dividend distribution;
Retained earnings = ($500)
2018, result of $2,300 and distribution dividends of $200
= $2,300 - $200
Retained earnings= $2,100
Total retained earnings =$1,000 + (500) + $2,100
= $2,600