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of <h1>Fraud involves knowing misrepresentation or concealment of material facts to induce detrimental action by another party</h1> Fraud is defined as a knowing misrepresentation of truth or concealment of material facts to induce another to act detrimentally. It encompasses false statements made without honest belief in their truth, reckless misrepresentations, and unconscionable dealings. Legal authorities emphasize fraud's infinite variety, including all acts involving breach of duty or trust that injure others or create unfair advantage. Courts consistently hold that fraud vitiates every solemn act and cannot coexist with justice. Fraudulent misrepresentation constitutes deceit, leading to damage through willful or reckless falsehood, regardless of motive.
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