Chapter08_Answers - Chapter 8 Assessment Answers Matching...

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Chapter 8 Assessment Answers Matching Key Terms 1. i 4. g 7. j 10. h 2. b 5. c 8. e 3. a 6. d 9. f True/False Quiz 11. T 14. F 17. T 20. T 12. T 15. T 18. T 13. T 16. F 19. F Discussion Questions 21. For an injured party to claim fraud, he or she must prove that the statement or act (1) was a misstatement or nondisclosure of a material fact; (2) was made with knowledge of its falsity or with reckless disregard of its truth; (3) was made with the intention of causing the other party to enter into the agreement; (4) was relied on by the injured party; and (5) resulted in loss to the injured party. 22. Fraud is (a) a misstatement or nondisclosure of a material fact; (b) made with knowledge of its falsity or with reckless disregard of its truth; (c) made with the intention of causing the other party to enter into the agreement; (d) relied on by the injured party; and (e) resulting in loss to the injured party. Misrepresentation is (a) the unintentional misstatement or nondisclosure of a material fact; (b)
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