Nondisclosure of a fact will never operate as a misrepresentation under certain circumstances True False
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Nondisclosure of a fact will never operate as a misrepresentation under certain circumstances
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False
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- 29 of 75 If a buyer does not make inspections during the inspection period, the standard purchase and sale agreement automatically extends the inspection period unless the seller objects. requires the buyer to accept the property "as is." requires the seller to have the inspections performed at the buyer's expense. states that the closing date will be postponed subject to negotiation.Which of the following statements, if made by a seller who knows the statement to be untruthful, would NOT be misrepresentation of a material fact resulting in a cause of action for fraud? a. "This horse is only six years old." b. "There is no better car in the world." c. "The tires have less than 5,000 miles on them." d. "This car gets 28 miles per gallon."If a claim is not testable, then it cannot be falsifiable, and thus, it is not scientific True or false
- an insurance agent is permitted to replace an existing policy only if the agent a. guarantees the dividends on the new policy b. complies with the replacement regulations c. acts strictly in the best interest of the insurer d. replaces a policy that was issued by the agent's own company19In a hostile takeover, what does the term "going private" reference? Multiple Choice A leveraged buyout A poison pill An initial public offering A confiscatory taking The non-disclosure of information related to the corporate takeover A _____ is a partnership agreement in which company members hold transferable shares, while all the goods of the company are held in the names of the partners. Multiple Choice joint venture limited liability partnership strategic alliance professional limited liability company joint stock company
- Which or the following is false regarding a corporation. They can be publicly or privately owned The corporation is not liable for the personal obligations of its owners It has many of the legal powers that people have The owners of the corporation have some liability for the debts of the corporationPLS HELP ASAPe
- A member is entitled to receive money or other assets from the company under certain circumstances. Which of the following statements is FALSE? Group of answer choices A preferential shareholder is entitled to share in the surplus assets of the company, if any, upon the winding up of the company. Dividends are to be declared by the company provided there is sufficient profit for the dividends to be paid. As a general rule, return of capital to the members is not allowed during the life of a company. Distribution to members by the company can take the form of dividends, return of capital and a share of the company's surplus assets, if any, upon the winding up of the company.Megan is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following statements is true regarding credit information gathered on Megan? Because Megan has been delinquent, she waives her right to see the credit files. If Megan is rejected for a loan because of the consumer report, the lender must tell her the name of the agency that supplied the report. Megan has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good. Megan's delinquencies can be reported by credit reporting agencies for a period of 12 years.