BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Statements are treated as misrepresentations by the law only if:
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The untrue statement is one of fact or there is active concealment
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The statement is material to the transaction or is fraudulent
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The victim reasonably relied on the statement
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All of the Above
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Explanation:
Detailed explanation-1: -(1) The defendant made a false representation of a past or existing material fact susceptible of knowledge. (2) The defendant did so knowing the representation was false, or without knowing whether it was true or false. (3) The defendant intended to induce the plaintiff to act in reliance on that representation.
Detailed explanation-2: -Related Content. An untrue statement of fact or law made by Party A (or its agent) to Party B, which induces Party B to enter a contract with Party A thereby causing Party B loss. An action for misrepresentation can be brought in respect of a misrepresentation of fact or law.
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