The term _____ is used to describe misstatement or incomplete statement of a material fact.

Question

BlackTom AI · Accepted Answer

The question asks: The term _____ is used to describe misstatement or incomplete statement of a material fact.

Option a. Misrepresentation: This term is defined in contract and tort law as a false statement of fact, or a failure to disclose a material fact, that induces another party to enter into a contract or transaction. It directly matches the description of misstatement or incompleteness of a material fact.

Option b. Fraud: While misrepresentation can be fraudulent, fraud emphasizes intentional deception with knowledge of its falsehood. The prompt only mentions misstatement or incomplete statement, not the required intent, so this is not the best fit for the general definition.

Option c. Privacy: This term relates to the right to control personal information or the state of being free from public attention. It is unrelated to misstatements of material facts.

Option d. Conflict of Interest: This occurs when a person's personal interests potentially interfere with their duties or obligations. It does not describe a misstatement or incomplete disclosure of material facts.

Putting it together, the description given aligns with misrepresentation, which captures both the idea of a false or incomplete factual statement that can affect decisions in a transaction.

Digital Thinking and Innovation (122024-RYM) Mock Exam - Set 2

The term _____ is used to describe misstatement or incomplete statement of a material fact.

查看解析

登录即可查看完整答案

类似问题

Jennifer has offered to sell her laptop computer for $750 to Jack. She tells Jack that the computer is only six months old but, in fact, it is three years old, and Jennifer wants to get rid of it. Jack agrees to buy the computer based on Jennifer's representations. This contract is:

In selling a 600-acre farm to Family Farms, Inc., Jake tells the buyer that the land "will be worth twice as much by next year." This statement is not likely to support rescission of the contract because it is

Steve sells Bruno a car. After they agreed on the deal, but before the money was handed over, Bruno asks Steve is the car has any oil leaks, Steve says it does not. The car did have leaks and Bruno wants to sue Steve. Which one of the following cases would best apply to this situation:

A retailer describes a table as "solid oak" when it's actually oak veneer over particleboard. The customer buys it specifically wanting solid wood. Which factor would MOST likely defeat a misrepresentation claim?

It is important to distinguish between representations and terms because:

Reilly makes a misrepresentation to Sonny, a consumer, who buys Reilly’s product. In using the product, Sonny suffers an injury. To serve as a basis for recovery, the misrepresentation must be

In a consumer society, many adults channel creativity into buying things

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单