Is there difference between Misrepresentation and Fraud?When misrepresentation can defined as fraud?
Mrinalkanti (Teacher) 14 December 2009
Is there difference between Misrepresentation and Fraud?When misrepresentation can defined as fraud?
Mrinalkanti (Teacher) 14 December 2009
Is there any difference between Misrepresentation and Fraud?When misrepresentation can defined as fraud?
N.K.Assumi (Advocate) 14 December 2009
Guest (Guest) 14 December 2009
Hi,
The level of intention plays a major role in "misrepresentation and Fraud."
In other words, misrepresentation is a innocent misstatement or nondisclosure of facts.
E.g., Misrepresntation - a merchant selling a original DVD player believing that it is region-free or hides the facts that it cannot play DVDs brought from UK or US, but those only from India.
Fraud - a merchant selling a duplicate "player" as branded player knowingly.