anthonycraig0205
17.12.2019 •
Business
Fox co. is a defendant in a lawsuit that could result in a large payment to the plaintiff. fox's attorney believes that there is a 90% chance that fox will lose the suit, and estimates that the loss will be anywhere from $5,000,000 to $20,000,000 and possibly as much as $30,000,000. none of the estimates are better than the others. what amount of liability should fox report on its balance sheet related to the lawsuit?
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Ответ:
Withholding information
Explanation: Withholding information refers to not stating a fact that can influence the decision of the other party, even knowing it properly. In some cases it is considered as a crime in the eyes of law.
In the given case, the agent and the seller are obligated to disclose any existing problem even though the buyer did not know about it or get any idea of it.
Hence from the above we can conclude that the correct option is B.