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Difference between fraud and misrepresentation?

Difference between fraud and misrepresentation?

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Published by Hemant Kumar

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Categories:Types, School Work
Published by: Hemant Kumar on Apr 14, 2011
Copyright:Attribution Non-commercial


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Fraud Defined Deceit, trickery, sharp practice, or breach of confidence, perpetrated for profi t or to gain some unfair or dishonest

advantage. A particular instance of such deceit or trickery: mail fraud; election frauds. Any deception, trickery, or humbug: That diet book is a fraud and a waste of tim e. A person who makes deceitful pretenses; sham; poseur. Misinterpretation Defined A misrepresentation or concealment with reference to some fact material to a tra nsaction that is made with knowledge of its falsity or in reckless disregard of its truth or falsity and with the intent to deceive another and that is reasonab ly relied on by the other who is injured thereby. Difference between fraud and Misinterpretation 1. Fraud is always done Intentionally, Misinterpretation can be preformed Intent ionally or Negligently. 2. Fraud always have malicious intent, Misinterpretation may not have malicious intent to deceive if it happens negligently through a misstatement and/or omissi on of a material fact(s) Read more: http://wiki.answers.com/Q/Difference_between_fraud_and_misrepresentat ion#ixzz1JUXHeYyI

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