...are the elements of fraud
Answers
Explanation:
In the United States, common law generally identifies nine elements needed to establish fraud: (1) a representation of fact; (2) its falsity; (3) its materiality; (4) the representer’s knowledge of its falsity or ignorance of its truth; (5) the representer’s intent that it should be acted upon by the person in the manner reasonably contemplated; (6) the injured party’s ignorance of its falsity; (7) the injured party’s reliance on its truth; (8) the injured party’s right to rely thereon; and (9) the injured party’s consequent and proximate injury.
Explanation:
False and Willful representation or Assertion: To constitute fraud there must be some representation or assertion, which is untrue. ... In the absence of representation or assertion except in the following two cases, there can be no fraud.