What is Fraud?
Fraud is generally defined in the law as an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage. The proof of fraud may rescind the contract and make it unenforceable.
Further Reading
For more detailed information, see our related Contracts terms:
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