BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -According to this clause, the elements relating to fraud are: 1) a fraudulent act; 2) the purpose of fraud; and 3) a causal relationship. Fraud as a defect in consent in concluding contracts can appear in different forms.

Detailed explanation-2: -The fraud triangle outlines the three conditions that lead to higher instances of occupational fraud: motivation, opportunity, and rationalization.

Detailed explanation-3: -Definition of Fraud The active concealment of a fact by one having knowledge or belief of the fact. A promise made without any intention of performing it. Any other act fitted to deceive. Any such act or omission as the law specially declares to be fraudulent.