This topic contains a solution. Click here to go to the answer

Author Question: Discuss the meaning of material fact in fraud situations.[br][br][b][color=gray]Question ... (Read 87 times)

abc

  • Hero Member
  • *****
  • Posts: 543
Discuss the meaning of material fact in fraud situations.

Question 2

In 1625, Hugo Grotius wrote a landmark book on international law called On the Law of War and Peace. In it, he stated that the law of nations:
 A) was divinely given.
 B) arose by common agreement and by the accepted practice of nations.
 C) recognized that all states are equal.
 D) all of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

Fraud begins when a party to a contract represents something that is factually wrong. The statement must first be a fact, not an opinion. This car is the best would not be the type of statement that should be relied upon. Contrast that type of statement with, this car gets 28 miles per gallon. This is a statement of fact upon which someone would rely. The statement must also be material; that is, important in the decision to enter into the contract. For the fact to be material, the maker must have expected the other party to rely on the statement, and the other party must have relied upon it.

Answer to Question 2

D




abc

  • Member
  • Posts: 543
Reply 2 on: Jun 24, 2018
Excellent


bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

For a complete list of videos, visit our video library