Kari, a real estate agent, assures Linc that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Linc buys the property and then discovers that the street has no more traffic than any other in its vicinity. Linc is most likely a victim ofA. opinion. CorrectB. fraud. C. mistake. D. nothing

Question

Nikolai Ochoa

Business

18 October, 15:37

Kari, a real estate agent, assures Linc that a certain parcel of commercial property fronts on the most highly trafficked street in Metro City. Linc buys the property and then discovers that the street has no more traffic than any other in its vicinity. Linc is most likely a victim ofA. opinion. CorrectB. fraud. C. mistake. D. nothing

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Answers (1)

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Alijah · Answer 1

B. fraud

Explanation:

Fraud is a deliberate misrepresentation of facts with a motive to profit from the deception. Through fraud, the perpetrator gains unlawfully, or the victim is denied justice or rights. Withholding vital information in a transaction to profit from the other parties ignorance is considered fraud.

Kari uses deception to convince Mr Linc to purchase the property. Intentional misrepresentation of facts is a fraud.

Fraud includes deliberate acts that lead to the acquisition of properties or money through deceit or unlawful ways. Fraudulent activities occur across all sectors of the economy. Since it's not easy to distinguish a fraud from honest people, performing due diligence before committing to a transaction is important.