ch9 quiz.docx - Question 1 1 1 pts For the injured party to...

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Question 1 1 / 1 pts For the injured party to claim fraud, he or she must prove all of the following of the statement or act EXCEPT that it: was a misstatement or nondisclosure of a material fact. was relied on by the injured party. resulted in loss to the injured party. was made with no knowledge of its falsity or with reckless disregard of its truth. Question 2 1 / 1 pts If agreement of either party is obtained by fraud, misrepresentation, mistake, undue influence, or duress, or if the contract is one of adhesion, or is unconscionable, a(n): voidable contract results. valid contract results. void contract results. executed contract results. Question 3 1 / 1 pts When the misstatement is made knowingly or recklessly, it amounts to: misrepresentation. duress. fraud. mistake. Question 4 1 / 1 pts The unintentional misstatement or nondisclosure of a material fact that results in inducing another to enter into an agreement to his or her loss is known as: mistake.
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misrepresentation.
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