CPA Reg Quiz
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BUSINESS LAW
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Innocent misrepresentation differs from fraudulent misrepresentation in what key way?
A
Innocent misrepresentation is a false statement made without knowledge of its falsity or intent to deceive; the remedy is rescission of the contract, not damages.
B
Innocent misrepresentation carries the same legal consequences as fraudulent misrepresentation.
C
Innocent misrepresentation is never a defense to contract enforcement because no intent existed.
D
Innocent misrepresentation must involve a statement of opinion, not fact.
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