Asked by Abdul Hanan on May 01, 2024
Verified
The elements of fraud include which of the following?
A) Damages suffered as a result of the reliance
B) Causal connection between the misrepresentation and the injury suffered
C) Justifiable reliance by the deceived party
D) All of these choices are correct.
Elements of Fraud
Factors that must be present to prove fraud, including misrepresentation of a material fact and intent to deceive.
Misrepresentation
A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.
Justifiable Reliance
A legal principle in contract law where a party can claim damages if they reasonably relied on the promises or representations of another party.
- Discern the constituents and ramifications of fraudulent activities and misrepresentation in commercial environments.
Verified Answer
Learning Objectives
- Discern the constituents and ramifications of fraudulent activities and misrepresentation in commercial environments.
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