BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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False
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True
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Detailed explanation-1: -A person accused intended on committing fraud needs to be proved. The victim has to prove that the person being accused has misrepresented the facts although he knew that they were false. Actual damage may not have occurred.
Detailed explanation-2: -Secondly, fraud is proved when it is shown that a false representation has been made (1) knowingly, or (2) without belief in its truth, or (3) recklessly, careless whether it be true or false.
Detailed explanation-3: -Fraud involves the false representation of facts, whether by intentionally withholding important information or providing false statements to another party for the specific purpose of gaining something that may not have been provided without the deception.