Fraud
Querist :
Anonymous
(Querist) 06 August 2011
This query is : Resolved
what is a legal defination of fraud?
M/s. Y-not legal services
(Expert) 06 August 2011
Senior is given exact definition. But one another meaning is still remaining.. That without reason, which advocate hiding his name in the name of anonymus he also FRAUD.
K.S.Srinivas
(Expert) 06 August 2011
A deception deliberately practiced in order to secure unfair or unlawful gain.
Guest
(Expert) 07 August 2011
Fraud denotes, any act, expression, omission, or concealment calculated to deceive another to his/her disadvantage, specifically, a misrepresentation or concealment with reference to some fact material to a transaction that is made knowingly with its falseness or in reckless disregard of its truth or falseness with the intention to deceive another and that is reasonably relied on by the other who suffers or is injured thereby.
prabhakar singh
(Expert) 07 August 2011
Fraud is defined in INDIAN CONTRACT ACT,its section 17 thus runs:
17. "fraud defined
"Fraud" means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agents, with intent to deceive another party thereto his agent, or to induce him to enter into the contract;
(1) the suggestion as a fact, of that which is not true, by one who does not believe it to be true;
(2) the active concealment of a fact by one having knowledge or belief of the fact;
(3) a promise made without any intention of performing it;
(4) any other act fitted to deceive;
(5) any such act or omission as the law specially declares to be fraudulent.
Legal Dictionary meaning of fraud and all about fraud
you may be interested to know is reproduced below:
Main Entry: fraud
Function: noun
Etymology: Latin fraud - fraus
1 a : any act, expression, omission, or concealment calculated to deceive another to his or her disadvantage; specifically : a misrepresentation or concealment with reference to some fact material to a transaction that is made with knowledge of its falsity or in reckless disregard of its truth or falsity and with the intent to deceive another and that is reasonably relied on by the other who is injured thereby b : the affirmative defense of having acted in response to a fraud
2 : the crime or tort of committing fraud fraud> —see also MISREPRESENTATION
NOTE: A tort action based on fraud is also referred to as an action of deceit. actual fraud
: fraud committed with the actual intent to deceive and thereby injure another called also fraud in fact —compare CONSTRUCTIVE FRAUD in this entry collateral fraud
: EXTRINSIC FRAUD in this entry constructive fraud
: conduct that is considered fraud under the law despite the absence of an intent to deceive because it has the same consequences as an actual fraud would have and it is against public interests (as because of the violation of a public or private trust or confidence, the breach of a fiduciary duty, or the use of undue influence) called also legal fraud —compare ACTUAL FRAUD in this entry equitable fraud
: CONSTRUCTIVE FRAUD in this entry —used esp. in New Jersey extrinsic fraud
: fraud (as that involved in making a false offer of compromise) that induces one not to present a case in court or deprives one of the opportunity to be heard; also : fraud that is not involved in the actual issues presented to a court and that prevents a full and fair hearing called also collateral fraud —compare INTRINSIC FRAUD in this entry fraud in fact
: ACTUAL FRAUD in this entry fraud in law
: fraud that is presumed to have occurred in light of the circumstances irrespective of intent to deceive fraud in the factum
: fraud in which the deception causes the other party to misunderstand the nature of the transaction in which he or she is engaging esp. with regard to the contents of an instrument (as a contract or promissory note) called also fraud in the execution —compare FRAUD IN THE INDUCEMENT in this entry fraud in the inducement
: fraud in which the deception leads the other party to engage in a transaction the nature of which he or she understands —compare FRAUD IN THE FACTUM in this entry fraud on the court
: fraud involving conduct that undermines the integrity of the judicial process (as by improperly influencing a judge, jury, or other court personnel); also : EXTRINSIC FRAUD in this entry intrinsic fraud
: fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud —compare EXTRINSIC FRAUD in this entry legal fraud
1 : CONSTRUCTIVE FRAUD in this entry
2 : ACTUAL FRAUD in this entry —used esp. in New Jersey mail fraud
: fraud committed by use of the postal service esp. as described in title 18 section 1341 of the U.S. Code wire fraud
: fraud committed by using a means of electronic communication (as a telephone) —see also Wire Fraud Act in the IMPORTANT
