Fraud in the inception and fraud by concealment are interchangeable terms.

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Fraud in the inception refers to a situation where fraud exists at the time the contract is formed, whereas fraud by concealment refers to a situation where one party actively conceals material information from the other party during the contract formation process. While both involve fraud in the context of a contractual relationship, they are distinct concepts and not interchangeable terms.

Fraud in the Inception and Fraud by Concealment Are Interchangeable