Definition[]
Fraud is generally defined as a false statement of fact, made with the knowledge of its falsity, or made recklessly, without belief in its truth, with the intention that it be acted upon by the other party to his or her detriment.
Elements of claim[]
“[T]o establish common law fraud, a plaintiff must prove: (1) misrepresentation of a material fact; (2) scienter; (3) intention by the declarant to induce action; (4) justifiable reliance by the party defrauded upon the misrepresentation; and (5) damage to the party defrauded as a proximate result.”[1]
References[]
- ↑ Colaizzi v. Beck, 895 A.2d 36, 39 (Pa.Super. 2006).
See also[]
- Auction fraud
- Auction fraud - Romania
- Bust-out fraud
- Computer fraud
- Credit card fraud
- Document fraud
- Employment fraud
- Fiscal fraud
- Fraudster
- Fraud Act 2006
- Fraud alert
- Fraud by concealment
- Fraud in the inducement
- Fraud resolution systems
- Fraudulent concealment
- Fraudulent Online Identity Sanctions Act
- Internet fraud
- Mail fraud
- Wire fraud