Identify whether the following statements could result in actionable fraud and why or why not.
a. A statement by an art dealer to a potential buyer, "I think this painting is underpriced because the artist is now gaining national recognition."
b. A vacuum cleaner salesperson's statement, "This machine is the best available for the cost."
c. A city councilman's statement to a fellow councilman that, "If we vote for that action, the resulting consolidation will be illegal."

Question

Identify whether the following statements could result in actionable fraud and why or why not. 
a. A statement by an art dealer to a potential buyer, "I think this painting is underpriced because the artist is now gaining national recognition." 
b. A vacuum cleaner salesperson's statement, "This machine is the best available for the cost." 
c. A city councilman's statement to a fellow councilman that, "If we vote for that action, the resulting consolidation will be illegal."

Quizplus · Accepted Answer

The Answer of Identify whether the following statements could result in actionable fraud and why or why not. 
a. A statement by an art dealer to a potential buyer, "I think this painting is underpriced because the artist is now gaining national recognition." 
b. A vacuum cleaner salesperson's statement, "This machine is the best available for the cost." 
c. A city councilman's statement to a fellow councilman that, "If we vote for that action, the resulting consolidation will be illegal."

Identify Whether the Following Statements Could Result in Actionable Fraud