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fraud legal definition
noun
An intentional misrepresentation uttered to cause
another to rely on it to his detriment.
constructive fraud
A misrepresentation deemed by the law to be fraud even though
unintentional.
fraud in the factum
The nature of a legal document is misrepresented to a
party who is induced to sign it based on an incorrect understanding of its
nature.
fraud in the inducement
A party is induced to sign a contract by
misrepresentation, not of the terms of the contract itself, but of the level of
risk or the surrounding circumstances.
mail fraud
A fraudulent act involving misrepresentations made through the
United States Postal Service for financial benefit.
wire fraud
A fraudulent act involving misrepresentations made via telephone
or other form of electronic communications.
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