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Fred is negotiating a contract with Velma and makes a statement he thinks is true. In reality, the statement is not true, and had
Fred is negotiating a contract with Velma and makes a statement he thinks is true. In reality, the statement is not true, and had Fred investigated the statement before he made it, he would have discovered that. This is an example of duress O an innocent misrepresentation negligent misrepresentation fraud O a criminal omission
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
