Gene sells a trail bike to Hollis without disclosing that the odometer, which reads 10,000 miles, was disconnected 90,000 miles ago. Gene is most likely liable for: A. unconscionability. B. fraud. C. mistake. D. nothing.

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30-11-2022
Social Studies

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Gene sells a trail bike to Hollis without disclosing that the odometer, which reads 10,000 miles, was disconnected 90,000 miles ago. Gene is most likely liable for: A. unconscionability. B. fraud. C. mistake. D. nothing.

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Tutorconsortium315 Tutorconsortium315 · Answer 1 · 2022-12-04T20:49:46+01:00

Gene is probably guilty of fraud if he offers a trail bike for Hollis without mentioning that odometer, which displays 10,000 miles, was detached 90,000 miles ago.

The right response is B.

What are the three types of frauds?

Embezzlement, corruption and bribery and fraud on financial statements are the three main categories of fraud. There are multiple types of fraud included in the majority of employee fraud schemes.

How many types of frauds are there?

Civil and criminal frauds are the two types of fraud. Fraud is defined in law as the willful use of deception to obtain unfair or illegal gain or to deny a sufferer of a legitimate right. Fraud is the fraudulent depiction of facts, whether via willful omission of crucial information or fabrication of data.

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