• Choose the correct definition for the following key term: Fraud
• a. information that is substantially relevant to the consideration of a contract or to securities or to the decision made in a trial.
• b. Latin for “knowingly;” usually meaning that the defendant knew that the act in question was illegal.
• c. promise, in addition to an underlying sales agreement, that goes beyond the terms of the sales agreement and under which the promisor assures the description, performance, or quality of the goods.
• d. an intentional misrepresentation of a material fact designed to induce the person receiving the miscommunication to rely upon it to her detriment, so that a loss is suffered.