Sam buys a home from George and finances the home through the Mistletoe National Bank. Sam agrees to and signs papers alleging that he will make all the payments required on the loan. Actually, Sam has no intention of making the payments. He simply discovered a way to have a nice home cheaper than paying rent. He knows he will be changing jobs in six months and leaving the area. This act is known as false pretenses.

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The Answer of Sam buys a home from George and finances the home through the Mistletoe National Bank. Sam agrees to and signs papers alleging that he will make all the payments required on the loan. Actually, Sam has no intention of making the payments. He simply discovered a way to have a nice home cheaper than paying rent. He knows he will be changing jobs in six months and leaving the area. This act is known as false pretenses.

Sam Buys a Home from George and Finances the Home