Which of the Following Best Describes a Misrepresentation

O all of the above. You do not need to disclose latent defects in real estate.

Are Men The Latest Victims Of Media Misrepresentation

Term best describes an intentional misrepresentation made that could result in unauthorized benefits.

. 162-10 Which of the following BEST describes the value chain. An intentional omission of material information on the part of the insured. The policy contained an accidental death rider offering a double indemnity benefit.

If a real estate agent knowingly makes a substantial misrepresentation of the likely value of real property it is. Several months later Smith met with the seller and urged her to reduce the listing price but to no avail. A voided contract and loss of commission.

Having reviewed a clients accounting system an auditor may wish to check that they. An opinion cannot be a misrepresentation because it is not a statement of fact. The insured was severely injured in an auto accident and after 10 weeks of hospitalization died from the injuries.

Altering medical records to receive more reimbursement. A use of force to persuade someone to surrender property. A Misrepresenting the true nature or facts of a policy or its benefit in order to induce a policyholder to surrender one policy and replace it with another is illegal.

Of the following questionsstatements. A an extended contract and protracted compensation. The court will support.

IV The other party who relied on. A failure to disclose known facts. A an agency violation b an innocent mistake c unethical but not illegal d an accepted practice in the industry.

Improper use of services or actions that are inconsistent with acceptable business or medical practice is. An insured purchased a 15-level term life insurance policy with a face amount of 100000. Which of the following terms best describes Kielys actions.

Ednas Pearson Vue Practice Test. Which of the following best describes a misrepresentation. Rescission is not possible for innocent misrepresentation.

M isrepresentation is issuing publishing or circulating any illustration or sales material that is false misleading or deceptive as to the policy benefits or terms the payment of. MISREPRESENTATION - Misrepresentation is a scenario when a salesperson provide incorrect information about the product to customers while negotiating the sales deal. Depending upon the circumstances such clauses may be enforced even if the party who wants to sue for breach did not read the clause.

B use of ones wealth to gain power and influence decisions. Guilty of misrepresentation B. Which of the following best describes your issue.

Parties can use an entire agreement clause to protect only against innocent and negligent misrepresentation. Which of the following statements about bribery is true. The business or seller made a misrepresentation The notice is asking me to send money to pay for taxes fees transfer etc.

III The false statement induced the other party to enter into the contract. The statement about misrepresentation is most likely true - Even if the salesperson misrepresentation statement is made incorrectly many courts will award damages to the customer. A A management information system which tracks the costs of products through the manufacturing process B The minimizing of inventory levels to reduce storage insurance and finance costs C All activities that contribute to the continuous improvement of business operations D The whole sequence of activities.

II The other party relied on the false statement. The possibility of fraud or misrepresentation involving collusion of staff and or management. Which of the following best describes a misrepresentation-Issuing sales material with exaggerated statements about policy benefits Correct.

B issuing sales material with false statement about policy benefits. B It is illegal to be involved in any activity of boycott coercion or intimidation that is intended to restrict fair trade or to create a monopoly. D a voided contract and loss of commission.

Misrepresenting facts to a buyer might result in. Misusing company assets C. Innocent misrepresentation which of the following is.

D unintentional misrepresentation of financial statements. I It is a false statement of fact. A statement intended to distract mislead or deceive a party to a contract.

C use of deception to persuade someone to surrender property. What term is used to describe billing practices in which providers use multiple procedure codes instead of a comprehensive code in an attempt to maximize reimbursement. A statement that is not guaranteed to be true.

Broker Smithson although believing the seller was demanding too high an asking price took an exclusive right to sell listing on a home. The intentional act of deception misrepresentation or concealment in order to gain something of value is. What best describes misrepresentation.

When salespeople loosely describe their product or service in glowing terms those statements can be relied upon by the potential buyer. Which of the following isare elements of misrepresentation. Generally the more knowledgeable the customer the greater the chances the court will interpret an incorrect statement by a salesperson as an actionable misrepresentation.

Misrepresentation is issuing publishing or circulating any illustration or sales material that is false misleading or deceptive as to policy benefits or terms the payment of dividends etc. This includes oral statements. Now just as the listing is about to expire Smithson advertises.

Which of the following best describes the auditors reporting responsibility concerning. C loss of a business license. Product liability may arise from a careless act in the manufacture of a product or carelessness in the design of a product or a careless failure to warn of the risks associated.

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