The useful idea
- The useful idea
In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly.
- How it works
Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to thwart the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and
- Why it matters
imprisoned by governmental authorities), or it may be an element of another civil or criminal wrong despite itself causing no loss of money, property, or legal right.
Why this matters
Use Fraud to compare the trade-offs before committing money.
Try this
Use Fraud to compare the trade-offs before committing money.
Test your recall
Which idea belongs to the explanation of Fraud?
- The useful idea — correct
- How it works
- Why it matters
In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly.
General education only — not personal financial advice.