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Definitions from WordNet

Definitions from the Web

Term: Constructive Fraud

Definition:

Constructive fraud refers to acts that are not consciously fraudulent, but are deemed fraudulent in law due to their deceptive or unfair nature. It is a legal term used to describe actions that are considered fraudulent based on their effect or consequence, rather than the person's intention.

Examples:

1. Sense: Deceptive Actions

   • Part of Speech: Noun
   • Definition: Acts or behavior that are misleading or intended to deceive.
   • Example Sentence: The contractor's use of low-quality materials amounted to constructive fraud as it misrepresented the standard agreed upon.

2. Sense: Unfair Transactions

   • Part of Speech: Noun
   • Definition: Transactions or deals that are legally deceptive or unfair, leading to an unfair advantage or disadvantage to one party.
   • Example Sentence: The terms hidden in the contractual agreement constituted constructive fraud, compromising the rights of the consumer.

3. Sense: Negligence

   • Part of Speech: Noun
   • Definition: Failure to perform an expected duty or requirement that results in financial harm or loss to another party.
   • Example Sentence: The accountant committed constructive fraud by carelessly entering the financial data, resulting in significant errors in the final report.

Related Products:

Explore related books on the topic:

• Books on Constructive Fraud in Law
• Books on Understanding Fraudulent Transactions
• Books on Negligence in Business