asked 111k views
2 votes
During the loan application process, Drew decides to leave out certain debts owed in order to increase his chances of qualifying for a mortgage. This is an example of?

1 Answer

0 votes

Answer:

fraud misrepresentation

Step-by-step explanation:

fraud misrepresentation is a false statement of fact that causes or induces someone to enter into a contract. It is a civil tort arising out of contract law. The misrepresentation can be in the form of anything that is designed to deceive the other party including innuendos, half-truths, or silence when there exists a duty to speak.

answered
User Chris Pratt
by
7.8k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.