All of the following statements refer to an element of fraud except: Select one:

Question

All of the following statements refer to an element of fraud except: Select one: a. the defendent desired to obtain financial benefit b, the defendant made a false statement O c.the defendant knew that the statement was false or was recklessly indferent reyg t the statement was false or was recklessly indifferent regarding the truth. O d. the defendant intended that the other party would rely on the false statement of the defendant. Contractual capacity is the ability to: ered 4 00 stion Select one: 0 a. read and write O b. sign a written contact c, understand that a contract is being made and to understand its general nature O d. understand the legal meaning of the contract being made n 19 nswered ut of 4 00 The maximum amount of time that a minor has to disaffirm a contract is: Select one O a" one year from the date of the agreement

Explanation / Answer

1. A. The defendent desire to obtain financial benefit, as the element of fraud include the following like there must be a false representation of facts, materiality, ignorance of its truth, false statement of material fact etc.

2. C. understand that a contract is being made and to understand its general nature, contactual capacity is the ability to understand the contract completly.

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