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Which of the following acts does not fall under the categories of fraud?
- a)Intentional false statement of facts
- b)Active concealment of facts
- c)Innocent false statement
- d)Promise made without intention to perform.
Correct answer is option 'C'. Can you explain this answer?
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Which of the following acts does not fall under the categories of frau...
Explanation:
Fraud is the intentional misrepresentation or concealment of material facts in order to deceive, manipulate, or gain an unfair advantage over another party. It is a serious offense and can result in legal consequences.
The acts that fall under the categories of fraud are:
Intentional false statement of facts: This is a deliberate act of lying or making false statements with the intention of deceiving the other party.
Active concealment of facts: This is the act of hiding or withholding important information that could affect the decision-making process of the other party.
Promise made without intention to perform: This is a false promise made with no intention of fulfilling it, which is also known as promissory fraud.
The act that does not fall under the categories of fraud is innocent false statement. This refers to a false statement made unintentionally or without knowledge of the facts. It is not considered fraud because there is no intent to deceive or manipulate the other party.
In summary, fraud involves intentional misrepresentation or concealment of facts with the intention of deceiving or manipulating another party. Innocent false statement, on the other hand, is a false statement made without knowledge or intent to deceive, and does not fall under the categories of fraud.
Fraud is the intentional misrepresentation or concealment of material facts in order to deceive, manipulate, or gain an unfair advantage over another party. It is a serious offense and can result in legal consequences.
The acts that fall under the categories of fraud are:
Intentional false statement of facts: This is a deliberate act of lying or making false statements with the intention of deceiving the other party.
Active concealment of facts: This is the act of hiding or withholding important information that could affect the decision-making process of the other party.
Promise made without intention to perform: This is a false promise made with no intention of fulfilling it, which is also known as promissory fraud.
The act that does not fall under the categories of fraud is innocent false statement. This refers to a false statement made unintentionally or without knowledge of the facts. It is not considered fraud because there is no intent to deceive or manipulate the other party.
In summary, fraud involves intentional misrepresentation or concealment of facts with the intention of deceiving or manipulating another party. Innocent false statement, on the other hand, is a false statement made without knowledge or intent to deceive, and does not fall under the categories of fraud.
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Which of the following acts does not fall under the categories of frau...
Fraud means any false statement made with an intention of making other person to enter into contract on belief of such false statement.
Here only option c is made without the knowledge of false statement.
Here only option c is made without the knowledge of false statement.
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Which of the following acts does not fall under the categories of fraud?a)Intentional false statement of factsb)Active concealment of factsc)Innocent false statementd)Promise made without intention to perform.Correct answer is option 'C'. Can you explain this answer?
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