The Peerless ship case is a classic example of a _____ mistake.

Multiple Choice

• unilateral
• mutual
• conditional
• secondary
• non-material

What is the effect of a negligent misrepresentation?

Multiple Choice

• It is treated as an ethics violation, and is punishable per se as a white-collar crime.
• It is treated the same as an innocent misrepresentation.
• It is treated the same as a fraudulent misrepresentation.
• It is treated the same as a non-material misrepresentation.
• It is treated the same as an implied misrepresentation.