ECONOMICS
CONSUMERS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Cease and desist order
|
|
|
Limited warranty
|
|
|
Fraud
|
|
|
None of the above
|
Detailed explanation-1: -Fraud is intentional deception to secure unfair or unlawful gain or deprive a victim of a legal right. Fraud can violate civil law or criminal law. It may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong.
Detailed explanation-2: -Fraud is a deliberate deception practiced so as to secure unfair or unlawful gain.
Detailed explanation-3: -Fraud is an intentionally deceptive action designed to provide the perpetrator with an unlawful gain or to deny a right to a victim.
Detailed explanation-4: -Answer and Explanation: The answer is A. In law, Fraud refers to the intentional deceit to acquire unlawful and unfair gains or to deprive someone of their right.