ECO402 - Microeconomics
Question(s) similar to the following:
Differentiate between fraud and misrepresentation?
Question 1: Differentiate between fraud and misrepresentation?
Answer: Suggest Edit
Fraud:
Fraud is something which is done in order to deceive someone. It involves making false statement with the intention to deceive someone. A person knows that a statement or belief is false but he makes a false statement purposely in order to deceive other person.
Misrepresentation
Misrepresentation is making false statement without the intention of deception. A person positively states that a fact is true but in reality the fact is not true. He makes a false statement but there is no intention of deception because the person himself does not know about the fact that he stated is false.
Similar Questions:
Question 2: Differentiate between fraud and misrepresentation?
Answer: Suggest Edit
Fraud:
Fraud is something which is done in order to deceive someone. It involves making false statement with the intention to deceive someone. A person knows that a statement or belief is false but he makes a false statement purposely in order to deceive other person.
Misrepresentation
Misrepresentation is making false statement without the intention of deception. A person positively states that a fact is true but in reality the fact is not true. He makes a false statement but there is no intention of deception because the person himself does not know about the fact that he stated is false.
Past Papers of ECO402 - Microeconomics
Question 1: Differentiate between fraud and misrepresentation?
Answer: Suggest Edit
Fraud:
Fraud is something which is done in order to deceive someone. It involves making false statement with the intention to deceive someone. A person knows that a statement or belief is false but he makes a false statement purposely in order to deceive other person.
Misrepresentation
Misrepresentation is making false statement without the intention of deception. A person positively states that a fact is true but in reality the fact is not true. He makes a false statement but there is no intention of deception because the person himself does not know about the fact that he stated is false.
Similar Questions:
Question 2: Differentiate between fraud and misrepresentation?
Answer: Suggest Edit
Fraud:
Fraud is something which is done in order to deceive someone. It involves making false statement with the intention to deceive someone. A person knows that a statement or belief is false but he makes a false statement purposely in order to deceive other person.
Misrepresentation
Misrepresentation is making false statement without the intention of deception. A person positively states that a fact is true but in reality the fact is not true. He makes a false statement but there is no intention of deception because the person himself does not know about the fact that he stated is false.
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