Tuesday, 27 March 2012

Fraud | What Is Fraud

Fraud what is Fraud…



Fraud :- "Fraud" means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, with intent  to deceive another party thereto of his  agent,  or  to induce him to enter into the contract –

1)   the suggestion, as a fact, of that which is not  true, by one who does not believe it to be true

2) The active  concealment  of  a  fact  by  one  having knowledge or belief of the fact.

3)  A promise made without any intention of performing.

4)  Any such act or omission as the law specially  declares to be fraudulent.


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