Janice wants to sell her business to LaToya. LaToya asks for copies of the accounts...
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Accounting
Janice wants to sell her business to LaToya. LaToya asks for copies of the accounts receivable and accounts payable. Janice only provides the accounts receivable and indicates that there are no accounts payable. Relying on Janice's representation, LaToya buys the business and discovers that the business is in serious debt. This is an example of
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Part
A
fraud in the inducement
B
fraud in the inception
C
fraud by concealment
D
a valid contract
E
silence as misrepresentation
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