Conduct of the salesperson constitute fraud

Assignment Help Business Management
Reference no: EM131096635

Lester purchased a used automobile from MacKintosh Motors. He asked the seller if he car had ever been in a wreck. The MacKintosh salesperson had never seen the car before that morning and knew nothing of its history but quickly answered Lester's question by stating: "No. It has never been in a wreck." In fact, the auto had been seriously damaged in a wreck and, although repaired, was worth much less than the value it would have had it there had been no wreck. When Lester learned the truth, he sued Mackintosh Motors and the salesperson for damages for fraud. They raised the defense that the salesperson did not know the statement was false and had not intended to decide Lester. Did the conduct of the salesperson constitute fraud?

Reference no: EM131096635

Questions Cloud

How firm can use leading to reduce the exchange rate risk : Explain how the firm can use leading or lagging to reduce the exchange rate risk created by this payment. How can the firm hedge the transaction risk associated with the payment using a forward market hedge?
Build a successful marketing division : Explore the Marketplace Live simulation. Discuss any previous experience you have had with strategic planning. How will your experience help you in working with your team to build a successful marketing division?
Write a lex program that examines the words : Write a Lex program that examines the words in an ASCII file and lists the ten most frequently used words. Your program should ignore case and should ignore words that appear in a predefined "don't care" list.
Monitor employees in the workplace : Should employers be allowed to monitor employees in the workplace? Should distinctions be made based on whether it is monitoring computers, voice-mail, telephone conversations, personal email, lockers or internet use?
Conduct of the salesperson constitute fraud : When Lester learned the truth, he sued Mackintosh Motors and the salesperson for damages for fraud. They raised the defense that the salesperson did not know the statement was false and had not intended to decide Lester. Did the conduct of the sal..
How are market structures characterized : How are market structures characterized? How are monopolistic competition able to achieve market power?  Monopolistically competitive firms can earn positive economic profits in the short run, but in the long run:
Identify and comment on organizational values : Can you identify and comment on organizational values you have seen. How do you know the organization really believes in these values? Have any values changed? Can you be sure the entire organization has moved in the new direction? 350 words minim..
Social benefit of good that exhibits positive externalities : The marginal social benefit of a good that exhibits positive externalities is ( Greater or Less than ) the private social benefit of that good. Why?
Creating queries and macros in ms excel : Since creating queries and macros in MS Excel may be new to you, you will discover that using these tools will improve your productivity, and help you better manage your time.

Reviews

Write a Review

Business Management Questions & Answers

  Employees with disabilities and outdoor training to develop

employees with disabilities and outdoor training to develop teamworkoutdoor teamwork building programs have become

  Must banks and brokerage companies be obligatory to tell

Must banks and brokerage companies be obligatory to tell you that third-party mutual funds they recommend pay them for steering customers to them?

  Business systemsexperiment with alternative web browsers

business systemsexperiment with alternative web browsers and compare their utility and features. compare the

  Describe the transactional model of communication

Describe the transactional model of communication--including its components and what it attempts to explain about communication. How is this model connected to the idea that "one cannot not communicate?"

  How to build stronger business relationships

How to Build Stronger Business Relationships

  Read on psychology of prejudice

Read On Psychology of Prejudice, and explain your opinion. Who might be more prejudiced, one with intrinsic faith or one with extrinsic faith?

  Compare and contrast two project management programs

Compare and contrast two project management programs.

  An electric dipole at the origin consists of two charges

An electric dipole at the origin consists of two charges ±q spaced distance s apart along the y-axis. a) Find an expression for the potential at an arbitrary point in the x-y plane. Your answer will be in terms of q, s, x, and y.

  Analyzing and the textbook.

Structure your paper in current APA format (running heads, page numbers, headings, etc.), but you do not need to include an abstract. Your analysis must be supported by at least 2 sources in addition to the case you are analyzing and the textbook.

  Improve communication and understanding

only after differentiation between the two sides has been reduced -before differentiation between the two sides has been reduced.

  Explain what is the discretionary financing needed

What is the discretionary financing needed in 2011? Is this a surplus or deficit? Assume that the DFN will be absorbed by long-term debt and that the total interest rate is 4.50% of LTD. Set up an iterative worksheet to eliminate it.

  Netflix- the movie rental industry-assess how technology

netflix- the movie rental industry-assess how technology and the changing demands of customers have impacted the movie

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd