What does constructive fraud mean?
Definitions for constructive fraud
con·struc·tive fraud
This dictionary definitions page includes all the possible meanings, example usage and translations of the word constructive fraud.
Princeton's WordNet
constructive fraud, legal fraudnoun
comprises all acts or omissions or concealments involving breach of equitable or legal duty or trust or confidence
Wikipedia
Constructive fraud
Constructive fraud is a legal fiction describing a situation where a person or entity gained an unfair advantage over another by deceitful or unfair methods. Intent does not need to be shown as in the case of actual fraud. Some unfair methods may include not telling customers about defects in a product.The elements are: a duty owing by the party to be charged to the complaining party due to their relationship; violation of that duty by the making of deceptive material misrepresentations of past or existing facts or remaining silent when a duty to speak exists; reliance thereon by the complaining party; injury to the complaining party as a proximate result thereof; and the gaining of an advantage by the party to be charged at the expense of the complaining party.
ChatGPT
constructive fraud
Constructive fraud, also known as legal fraud, is a type of fraud that does not involve a deceptive act or intention to deceive. Rather, it occurs when a person or entity gains an unfair advantage over another due to a breach of legal or fiduciary duty. This means that while a fraudulent action may not have been committed intentionally, the person committing the act is still held responsible due to their obligations or responsibilities. Constructive fraud often involves a lack of full disclosure, conflicting interest, or misuse of insider information.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of constructive fraud in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of constructive fraud in Pythagorean Numerology is: 3
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"constructive fraud." Definitions.net. STANDS4 LLC, 2024. Web. 13 May 2024. <https://www.definitions.net/definition/constructive+fraud>.
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