Lew angrily accuses Meg,a broker with New Financial Services,of fraudulently inducing him to invest in Open Pit Oil Company,whose wells are dry.The reliance that gives rise to liability for fraud is normally based on a statement of

Question

Quizplus · Accepted Answer

Liability for fraud is based on a false statement of fact made knowingly or with reckless disregard for the truth. Emotions, opinions, and puffery do not give rise to liability for fraud.

Lew Angrily Accuses Meg,a Broker with New Financial Services,of Fraudulently