Obie accuses Portia,a broker with QT Investment Services,of fraudulently inducing him to invest in Riske Development Company,whose stock price declines in value. The reliance that gives rise to liability for fraud requires

Question

Quizplus · Accepted Answer

The reliance that gives rise to liability for fraud requires the misrepresentation of a fact knowing that it is false. In this case, Obie accuses Portia of fraudulently inducing him to invest in Riske Development Company, which implies that Portia made a false statement to convince Obie to invest. Therefore, the misrepresentation of a fact is the best answer. The other options are not related to fraud and deceit.

Obie Accuses Portia,a Broker with QT Investment Services,of Fraudulently Inducing