Which of the following is the best example of misrepresentation?
A. A used-car salesperson puts a sign on a 1966 Ford Custom 500 automobile, indicating that it has “low mileage and loving care.”
B. A politician announces at a fund-raising dinner that, if elected, he or she will vote against new taxes.
C. A plaintiff’s lawyer tells the defendant’s counsel that settlement is possible, when the plaintiff has previously indicated a desire not to settle.
D. A roofer states that a homeowner’s entire roof must be replaced, when adequate repairs could be made by replacing a few loose shingles.
Answer: D
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?____ is a crime that typically occurs in a business context. The term is popularly used to refer to an illegal act or series of acts committed by a person or business entity using nonviolent means.
A. ?Insider trading B. ?Embezzlement C. ?Corporate crime D. ?White-collar crime
A promissory note is an agreement by the borrower promising to repay the debt
A. True B. False
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Answer the following statement true (T) or false (F)
Modern contract law gives minors the power to contract and the power to disaffirm most contracts.
Answer the following statement true (T) or false (F)