Which of the following is not a requisite for fraud in the inducement?
A) False representation of a fact that is material.
B) Representation is made with knowledge of its falsity and the intention to deceive.
C) The representation is justifiably relied on.
D) Monetary loss of over $1,000.

Question

Quizplus · Accepted Answer

Fraud in the inducement involves a false representation, knowledge and intent to deceive, and justifiable reliance on the misrepresentation, but it does not require a specific monetary loss threshold to be considered fraud.

Which of the Following Is Not a Requisite for Fraud