Which of the Following Best Describes a Misrepresentation

A voided contract and loss of commission. C use of deception to persuade someone to surrender property.

Coverage Denial Or Policy Voiding Involving Misrepresentation Allegations By An Insurer Defend It Legal Services Pickering 289 275 3513

Parties can use an entire agreement clause to protect only against innocent and negligent misrepresentation.

. Which of the following best describes a misrepresentation-Issuing sales material with exaggerated statements about policy benefits Correct. When salespeople loosely describe their product or service in glowing terms those statements can be relied upon by the potential buyer. Rescission is not possible for innocent misrepresentation.

The following statements are correct except a. D a voided contract and loss of commission. Which of the following isare elements of misrepresentation.

The possibility of fraud or misrepresentation involving collusion of staff and or management. 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. Misrepresentation by a third person does not vitiate consent unless such misrepresentation has created substantial mistake and the same is mutual.

Improper use of services or actions that are inconsistent with acceptable business or medical practice is. Which of the following best describes the auditors reporting responsibility concerning. Factors whose presence requires modifications of planned audit procedures.

A an agency violation b an innocent mistake c unethical but not illegal d an accepted practice in the industry. Generally the more knowledgeable the customer the greater the chances the court will interpret an incorrect statement by a salesperson as an actionable misrepresentation. View Iowa Life and Health Pre-licensing Final Exam 1odt from INSURANCE 1234 at Kaplan University.

A use of force to persuade someone to surrender property. II The other party relied on the false statement. I It is a false statement of fact.

III The false statement induced the other party to enter into the contract. O all of the above. The business or seller made a misrepresentation The notice is asking me to send money to pay for taxes fees transfer etc.

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. Factors whose presence often has been observed in circumstances where frauds have occurred. Term best describes an intentional misrepresentation made that could result in unauthorized benefits.

MISREPRESENTATION - Misrepresentation is a scenario when a salesperson provide incorrect information about the product to customers while negotiating the sales deal. This includes oral statements. Iowa LifeHealth Pre-licensing Final Exam 1.

Factors whose presence indicates that the risk of fraud is high. B use of ones wealth to gain power and influence decisions. IV The other party who relied on.

Which of the following best describes your issue. D unintentional misrepresentation of financial statements. 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.

If a real estate agent knowingly makes a substantial misrepresentation of the likely value of real property it is. Which of the following best describes a misrepresentation. You do not need to disclose latent defects in real estate.

A statement intended to distract mislead or deceive a party to a contract. Depending upon the circumstances such clauses may be enforced even if the party who wants to sue for breach did not read the clause. Misrepresenting facts to a buyer might result in.

An opinion cannot be a misrepresentation because it is not a statement of fact. A failure to disclose known facts. Altering medical records to receive more reimbursement.

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 made in good faith is not fraudulent but may constitute error. Innocent misrepresentation which of the following is.

The intentional act of deception misrepresentation or concealment in order to gain something of value is. Which of the following best describes what is meant by the term fraud risk factor. C loss of a business license.

The court will support. A an extended contract and protracted compensation. A statement that is not guaranteed to be true.

The policy contained an accidental death rider offering a double indemnity benefit. An intentional omission of material information on the part of the insured. What best describes misrepresentation.

An insured purchased a 15-level term life insurance policy with a face amount of 100000. Of the following questionsstatements. B issuing sales material with false statement about policy benefits.

The insured was severely injured in an auto accident and after 10 weeks of hospitalization died from the injuries. 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. Having reviewed a clients accounting system an auditor may wish to check that they.

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