When the misstatement is made knowingly or recklessly, it amounts to:
A) fraud.
B) mistake.
C) misrepresentation.
D) duress.

Name: When the misstatement is made knowingly or recklessly, it amounts to: A) fraud. B) mistake. C) misrepresentation. D) duress.
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Question

Quizplus · Accepted Answer

When the misstatement is made knowingly or recklessly, it amounts to fraud. This means that the person intentionally or with reckless disregard for the truth, made a false statement with the purpose of deceiving another person into relying on it.

When the Misstatement Is Made Knowingly or Recklessly, It Amounts