Sam wants to sell his golden retriever to Al. Sam tells Al that the dog is three years old and that he will point, back, and retrieve. Al relies on these statements and purchases the bird dog. Although the dog is three years old and will point at birds, he will not back (honor another dog's point). The buyer has most probably been a victim of:
a. duress.
b. undue influence.
c. fraud in the inducement.
d. fraud in the execution.
c
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a. emphasizes measurement of the net realizable value of accounts receivable. b. is only acceptable for tax purposes. c. emphasizes measurement of total assets. d. emphasizes measurement of bad debt expense.
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Answer the following statement true (T) or false (F)