With regard to the element of injury in fraud claim

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Reference no: EM132233725

1. With regard to the element of injury in a fraud claim, which of the following is NOT true?

a. The idea is to give the innocent party the benefit of the bargain to make him or her whole.

b. The innocent party may collect money equal to the difference between the actual and represented value or rescind the contract.

c. The injury must have been economic damages.

d. The only recourse available to the injured party is to collect money damages.

2. Damages agreed to in advance are called:

a. liquidated

b. special

c. compensatory

d. consequential

3. Which of the following is NOT one of the common types of equitable remedy discussed in Chapter 9?

a. reformation

b. injunction

c. specific performance

d. liquidated damages

Reference no: EM132233725

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