Because it was a "fixer$-$upper," Kennith was able to purchase a three$-$bedroom house at a price he could afford. When applying for homeowners insurance, Kennith accurately stated the home's purchase price and even mentioned that he got a good deal on it$,$ but he made sure not to mention the home's extensive water damage because he thought it might be a problem. Concealing this important fact is

$($Search Chapter $2).$

a$.$ a form of misrepresentation.

b$.$ insurance fraud.

c$.$ not fraudulent because Kennith did not receive any money.

d$.$ not fraudulent unless the agent or application asked about prior damage.