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Mark Fails to Reveal a Material Fact in a Business

Question 24

Multiple Choice

Mark fails to reveal a material fact in a business deal with Nancy. This constitutes fraud


A) if Mark is unaware of the fact and the failure.
B) if the amount of consideration received is grossly inadequate.
C) if the fact concerns a serious defect known to Mark and unlikely to be known by Nancy.
D) under any circumstances.

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