A(n)________ fraud applies when a professional misstates a material fact and recklessly or grossly negligently fails to ascertain the truth of the statement.

Question

Quizplus · Accepted Answer

Some courts recognize a tort called constructive fraud that applies when a professional misstates a material fact.For a misstatement to amount to constructive fraud,the professional must have recklessly or grossly negligently failed to ascertain the truth of the statement.

A(n)________ Fraud Applies When a Professional Misstates a Material Fact