Mark fails to reveal a material fact in a business deal with Nancy. This constitutes fraudulent misrepresentation if
A) Mark is not aware of the fact or his failure to reveal it.
B) the fact concerns value or quality.
C) the fact concerns a serious defect known to Mark but not to Nancy.
D) any of the choices.

Question

Quizplus · Accepted Answer

Fraudulent misrepresentation occurs when one party knowingly fails to disclose a material fact that is crucial to the other party's decision-making, especially if it involves a serious defect known to the party withholding the information.

Mark Fails to Reveal a Material Fact in a Business