Fraud by concealment occurs when one party takes specific action to conceal a material fact from another party.

Question

Quizplus · Accepted Answer

Fraud by concealment involves active steps taken by one party to hide a material fact from another party, thereby inducing them to act in a certain way or to refrain from taking action. This can be a form of fraud if the concealed fact ultimately causes harm to the other party.

Fraud by Concealment Occurs When One Party Takes Specific Action