According to common law, there are five conditions that must be present for an act to be deemed fraudulent. Name and explain each
Indicate whether the statement is true or false
false representation, meaning some misrepresentation or omission must have occurred,
material facts, meaning that the facts must influence someone's actions,
intent, meaning there must have been the intention to deceive others,
justifiable reliance, meaning it did affect someone's decision, and
injury or loss must have occurred.
You might also like to view...
Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share?
A. SWOT analysis B. Porter's model for industry analysis C. Porter's competitive strategies D. The BCG matrix E. Trend analysis
Which of the following is not a supertrend shaping the future of business?
A. More niche products. B. Traditional companies struggling with radically innovative change. C. Information becoming a competitive advantage. D. Offshore suppliers affecting U.S. business. E. Faster speed-to-market.
The following data relates to Black-Out Company's estimated amounts for next year.Estimated:Department 1Department 2Manufacturing overhead costs$300,000 $400,000 Direct labor hours 60,000DLH 80,000DLHMachine hours 1,000MH 2,000MH What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.)
A. $5.00 per MH B. $233.33 per MH C. $4.90 per MH D. $150.00 per MH E. $100.00 per MH
When the problem objective is to describe a population of nominal data with exactly two categories, we can employ either the z-test of a population proportion p, or the chi-squared goodness-of-fit test
Indicate whether the statement is true or false