verifyElementPresent method doesnt return false or stop on failed

Web Testing
6

If you do not like verifyElementPresent keyworkd which throws Exception, then you should use waitForElementPresent keyword which works the same as verifyElementPresent. And waitForElementPresent throws no Exception and return false when the target element is found absent after the specified timeout seconds.

By the way, you can read the source code of the Keywrods:

You can be sure only by reading the source code of the recent version.