Asked by bryan chavez on Jun 18, 2024
Verified
Identify the difference between a case involving intentional fraud and innocent misrepresentation.
A) The contractual remedy of rescission is not available in a misrepresentation case.
B) A person committing innocent misrepresentation is liable for punitive damages for the tort of deceit.
C) Reasonable reliance of the complaining party is not required in a fraud case.
D) Materiality is not required in a fraud case.
Innocent Misrepresentation
A false statement made by someone who believes it to be true, without intent to deceive.
Intentional Fraud
Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
Punitive Damages
Monetary compensation awarded in lawsuits as a punishment to the defendant for egregious or harmful conduct, beyond compensatory damages.
- Distinguish between cases of intentional fraud and innocent misrepresentation and their legal consequences.
Verified Answer
Learning Objectives
- Distinguish between cases of intentional fraud and innocent misrepresentation and their legal consequences.
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