Asked by Abdul Hanan on May 01, 2024

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The elements of fraud include which of the following?

A) Damages suffered as a result of the reliance
B) Causal connection between the misrepresentation and the injury suffered
C) Justifiable reliance by the deceived party
D) All of these choices are correct.

Elements of Fraud

Factors that must be present to prove fraud, including misrepresentation of a material fact and intent to deceive.

Misrepresentation

A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.

Justifiable Reliance

A legal principle in contract law where a party can claim damages if they reasonably relied on the promises or representations of another party.

  • Discern the constituents and ramifications of fraudulent activities and misrepresentation in commercial environments.
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Verified Answer

MN
Meghan NelsonMay 01, 2024
Final Answer :
D
Explanation :
The elements of fraud typically include a misrepresentation of a material fact, knowledge on the part of the defendant that they are misrepresenting the fact, intent on the part of the defendant to induce the plaintiff to act or refrain from action, justifiable reliance by the deceived party, and damages suffered as a result of the reliance. Therefore, all of the choices listed are correct elements of fraud.