Explain how fraudulent, negligent and innocent misrepresentations differ. Identify the remedies that are available for each type
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Innocent misrepresentation occurs when individuals do not know that ...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Business Law in Canada
ISBN: 978-0133249095
10th Canadian Edition
Authors: Richard A. Yates, Teresa Bereznicki Korol, Trevor Clarke
Question Posted:
Students also viewed these Business Law questions
-
Whether they were misled intentionally or innocently will not affect the nature of the injury suffered by the victims of false statements. However, it makes a significant difference to the remedies...
-
Distinguish innocent misrepresentation from fraudulent misrepresentation.
-
Explain why it is easier to succeed with an action for innocent misrepresentation than for fraudulent or negligent misrepresentation.
-
Consider the example in Exhibit 5.5. Can you think of anything else you might do with that example that would be helpful to the ultimate decisionmaker? exhibit 5.5 Decision Tree Analysis Using Net...
-
This problem continues the Daniels Consulting situation from Problem P20-43 of Chapter 20. Assume Daniels Consulting began January with $12,000 cash. Management forecasts that cash receipts from...
-
The demand for healthy foods that are low in fats and calories has resulted in a large number of "low-fat" and "fat-free" products at the supermarket. The table shows the numbers of calories and the...
-
Which method should be used for estimating the value of a company in decline?
-
The Superior Jump drive Company sells jump drives for $10 each. Manufacturing cost is $2.60 per jump drive; marketing costs are $2.40 per jump drive; and royalty payments are 20% of the selling...
-
The following information is available for Clancy Company: Beginning inventory 600 units at $4; First purchase 900 units at $6.50; Second purchase 500 units at $7. Assume that Clancy uses a periodic...
-
Suppose that a learning algorithm is trying to find a consistent hypothesis when the classifications of examples are actually random. There are u Boolean attributes, and examples are drawn uniformly...
-
Explain what care business people must exercise when entering into contracts with government corporations or bodies.
-
What must a party to a contract show to obtain rectification of a document?
-
Find each of the following limits (a) By investigating values of the function near the x-value where the limit is taken, and (b) Using a graphing calculator to view the function near that value of x....
-
1. Describe a scenario in the field of Psychology where you might compare differences between means. 2. A professor teaches two sections of a statistics course and wants to compare the means of the...
-
Your project is to locate the DIS-22-01 document, become familiar with it and the process that will lead to changes to the regulations. The goal of the project is to: Make you familiar with REGDOC...
-
Pronghorn Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4,972,800on January 1, 2017.Pronghornexpected to complete the...
-
Vaughn uses the periodic inventory system. For the current month, the beginning inventory consiisted of 7 1 0 0 units that cost $ 1 0 each. During the month, the company made two purchases: 2 8 0 0...
-
2. (10 points) Recall our table for the Restaurant problem: Num Alt Bar Fri Hun Pat Price Rain Res Type Est Wait 888 French 0-10 $ S $ yes no Z1 Fr Is Iz To 27 Is yes no yes some yes full yes no no...
-
Define exergy.
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Match the following terms with their definitions: ___ A. Signatory ___ B. NAFTA ___ C. Tariff ___ D. CISG ___ E. Dumping 1. A trade agreement between Mexico, the United States, and Canada 2. Selling...
-
TRUE/FALSE 1. A problem for many international merchants is that tariff s have been rising for the last decade. 2. The United States imports more goods and services (combined) than it exports. 3....
-
Multiple Choice Questions 1. With which country does the United States trade more than any other? A. Mexico B. Germany C. China D. United Kingdom E. Canada 2. The Commerce Department alleges that...
-
Assignment A partnership is a legal entity formed by two or more people who agree to share the profits and losses of a business. Partnership accounting is the process ofrecording and reporting the...
-
Which statement below correctly describes merchandise inventory?Multiple choice question.Merchandise inventory is an asset reported on the balance sheet and contains the cost of products purchased...
-
Consulta las fuentes orientadas y otras de inters relacionadas con la asignatura y realiza las siguientes actividades: Con los conocimientos adquiridos en la unidad y las orientaciones del...
Study smarter with the SolutionInn App