Question

Which of the following is not a required to make a statement fraudulent?

Select one:
a. The statement referred to a material fact about the transaction
b. The victim relied on the false information
c. The speaker made an assertion
d. The speaker knew the statement was false

Answer 1

The answer to the student's question is that 'c. The speaker made an assertion' is not required for a statement to be fraudulent. A fraudulent statement must involve a false statement about a material fact that is relied upon, knowing it was false.

Step-by-step explanation:

The student has asked which item is not required to classify a statement as fraudulent. To establish that a statement is fraudulent, all elements except one listed are essential.

• The statement must refer to a material fact about the transaction.
• The victim must have relied on the false information.
• The speaker must have known the statement was false.

The element that is not required is that the speaker made an assertion. For a statement to be considered fraudulent, it is not enough merely to make an assertion; the assertion must pertain to a material fact, be relied upon by the victim, and the speaker must have known it was false. Therefore, the answer to the student's question is 'c. The speaker made an assertion'.