Janice wants to sell her business to LaToya. LaToya asks for copies of the accounts...
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Janice wants to sell her business to LaToya. LaToya asks for copies of the accounts receivable and accounts payable. Janice only provides the accounts receivable and indicates that there are no accounts payable. Relying on Janice's representation, LaToya buys the business and discovers that the business is in serious debt. This is an example of Question content area bottom Part A fraud in the inducement B fraud in the inception C fraud by concealment D a valid contract E silence as misrepresentation
Janice wants to sell her business to LaToya. LaToya asks for copies of the accounts receivable and accounts payable. Janice only provides the accounts receivable and indicates that there are no accounts payable. Relying on Janice's representation, LaToya buys the business and discovers that the business is in serious debt. This is an example of
Question content area bottom
Part
A
fraud in the inducement
B
fraud in the inception
C
fraud by concealment
D
a valid contract
E
silence as misrepresentation
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