We appreciate your visit to To prove fraud in this transaction Franklin would have to show that Schroeder intentionally misrepresented several material facts and Franklin relied on these misrepresentations to. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
To prove fraud in this transaction, Franklin would need to show that Schroeder made false representations of material facts, knew they were false, that Franklin relied on these misrepresentations, and that he suffered damages as a result.
Firstly, Franklin would need to prove that Schroeder made false representations of material facts. In this case, Schroeder intentionally misrepresented several facts about the car to Franklin, which led Franklin to make the decision to purchase the car. Secondly, Franklin would need to prove that Schroeder knew that the representations were false or made the representations recklessly without knowledge of their truth. This means that Schroeder knew that the information he provided to Franklin was not accurate, yet he still made the false representations.
Thirdly, Franklin would need to show that he justifiably relied on Schroeder's misrepresentations when he decided to purchase the car. This means that if Schroeder had not made the misrepresentations, Franklin would not have bought the car. Finally, Franklin would need to show that he suffered damages as a result of Schroeder's misrepresentations. In this case, Franklin suffered financial harm by purchasing a car that was misrepresented to him.
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