BLAW 3310 Ch. 7 Study Guide with
Complete Solutions
Business Torts - Answer️️ -Wrongful interference with another's business
rights and relationships.
Fraud - Answer️️ -an intentional misrepresentation of a material fact
designed to induce the person receiving the miscommunication to r...
BLAW 3310 Ch. 7 Study Guide with
Complete Solutions
Business Torts - Answer✔️✔️-Wrongful interference with another's business
rights and relationships.
Fraud - Answer✔️✔️-an intentional misrepresentation of a material fact
designed to induce the person receiving the miscommunication to rely
upon it to her detriment, so that a loss is suffered.
Elements of fraud - Answer✔️✔️-1) There was a misstatement of an
important or material fact; that is, false information was presented as fact.
2) There must be Scienter or intent to defraud; that is, the party wanted to
mislead the other party and intentionally deceive him.
3) The seller must know, or have reason to know, that the statement she is
making is false.
4) The recipient of the false information must justifiably rely on that
information in making the decision to go ahead with the deal. Ex. If a seller
tells you false information intending to deceive you, but you are not fooled
and go ahead with deal anyway, there is no fraud.
5) There must be privity between the parties. (Relationship between
parties; a third party cannot sue.)
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