Which of the following is true of misrepresentation?
A) A misrepresentation is not actionable unless the innocent party relied on the misrepresentation and acted on it.
B) An innocent party who acts in reliance on a misrepresentation need not justify his or her reliance.
C) An innocent party must prove that the wrongdoer's misrepresentation was the sole reason he or she entered into the contract.
D) An innocent party need not prove economic injury to recover damages for fraud.
Correct Answer:
Verified
Q33: Jeffrey became a victim of fraud when
Q34: To be actionable as fraud, the misrepresentation
Q35: Sally entered into a contract to purchase
Q36: _ is an event that occurs when
Q37: The measure of damages from a misrepresentation
Q39: A misrepresentation is considered fraud even if
Q40: To prove fraud, which of the following
Q41: _ occurs when the party knows what
Q42: A misrepresentation of law is actionable as
Q43: Contracts involving fraud in inducement are not
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