Explain the distinction between fraud and misrepresentation.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Fraud is a a misstatement or nondisclosure of a material fact b made with knowledge of its fals...View the full answer
Answered By
Muhammad Rehan
Enjoy testing and can find bugs easily and help improve the product quality.
4.70+
10+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business Law questions
-
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. Fraud may be committed either by spoken or written words or by acts or conduct. 1....
-
Explain the distinction between par value and no-par value capital stock.
-
Explain the distinction between a void and a voidable contract; between an executed and an executory contract; between a unilateral and a bilateral contract.
-
In which section do you create VLAN on Cisco WLC ? ? Layer 3 3 Section Layer 2 2 Section Security Section RF Section
-
The standard costs for a manufacturing business are 12 per unit for direct materials, 8 per unit for direct labour and 5 per unit for manufacturing overhead. The sales projection is for 5,000 units,...
-
The following table lists a portion of U.S. life expectancy (in years) for the 50 states; the entire data set, labeled Life_Expectancy, can be found on the text website. In a report, use the sample...
-
Enter up the sales journal and the returns inwards journal from the following details. Then post to the customers accounts and show the transfers to the general ledger. 19X8 June 1 33 35 " " " 6 10...
-
Following are several decisions that the auditor must make in an audit of a nonpublic company. Letters indicate alternative conclusions that could be made. Required a. Identify the sequence in which...
-
1) Describe the third deception channel; Financial reporting. What does it mean/result in? How it affects stakeholders? 2) In what ways is Unauthorized Access for fraudsters destructive to an org...
-
Multiple Choice Questions Select the best answer for each of the following situations and give reasons for your choice. a. Which of the following controls would most likely reduce the risk of...
-
List five elements an injured party must prove in order to claim fraud.
-
What are some examples of undue influence?
-
Currently, there is no approved vaccine for the prevention of infection by West Nile virus. A clinical trial of a possible vaccine is being planned to include subjects treated with the vaccine while...
-
The shareholders' equity of ILP Industries includes the items shown below. The board of directors of ILP declared cash dividends of $8 million, $20 million, and $150 million in its first three years...
-
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were...
-
Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $58 per unit. The company's unit costs at this level of...
-
Joe Smith is a VAT-registered vendor running a homemade pie shop, retailing to the public. Joe Smith bought a microwave oven for R4 000 from his local Game store, also a registered VAT vendor. He...
-
a.Sheila weighs 55 kg (121 pounds). She starts her day off witha large cup of Starbucks coffee (330 mg caffeine). Every day shedrinks at least three large cans of Monster energy drink, eachcontaining...
-
Consider only transitions involving the n = 1 through n = 5 energy levels for the H atom (see Figures 6.7 and 6.10). (a) How many emission lines are possible, considering only the five quantum...
-
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
-
Each of the main financial statements provides a distinct set of financial ratios. Discuss this statement.
-
Persuasive statements based on a salespersons opinion are referred to as puffing. Provide examples of typical sales situations in which puffing is used.
-
How should a court decide whether a particular term in a contract is material?
-
Why does the law provide that a mistake must be mutual, and not unilateral, in order for a contract to be voidable?
-
You measure the velocity of falling object at several times given in the table below. Time (s) Velocity (m/s) 0.00 0.07 0.10 0.99 0.20 1.89 0.30 2.98 0.40 3.87 0.50 4.96 0.60 5.83 0.70 6.83 0.80 7.80...
-
Section L: Indirect Pay Plan. You also need to describe the characteristics of your indirect pay plan. Some of the questions to be addressed include the following: Will it be a fixed, flexible, or...
-
[Chapter 6: Advanced drawing techniques] P6-12) Create an orthographic projection of the following object. Draw the three standard views. Place surface roughness symbols on all finished surfaces. 038...
Study smarter with the SolutionInn App