Fraud requires intent that the listener rely on the false statement of fact.

Name: Fraud requires intent that the listener rely on the false statement of fact.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fraud is a deliberate act of deceiving or misleading someone with an intention to gain an unjust advantage. It involves making a false statement of fact and inducing the other party to rely on that false statement. Therefore, intent and reliance are crucial elements of fraud.

Fraud Requires Intent That the Listener Rely on the False