Question In law, each of the ways of committing fraud requires three separate elements to be present Which two elements are common to each type of fraud? Select two options and then Confirm Agenuine error or mistake Dishonesty An intention to make a gain or cause a loss or risk of a loss

Question

Question In law, each of the ways of committing fraud requires three separate elements to be present Which two elements are common to each type of fraud? Select two options and then Confirm Agenuine error or mistake Dishonesty An intention to make a gain or cause a loss or risk of a loss

Answer 1

B. Dishonesty, C. An intention to make a gain or cause a loss or risk of a loss-

Answer 2

Fraud is an intentionally deceitful activity or conduct designed to manipulate another individual into parting with something of value, usually money, property, or service. As such, the same must include the purpose of wrongful gain. Select two necessary elements for every form of fraud, no matter the specifics of that fund. One, the fraudster's action must involve dishonesty. Genuine mistake or error would not account to fraud because it lacks mendacious intent, and honesty, therefore, cannot be one of the choices. Two, the action must be engaged with an intent to acquire a gain unlawfully or induce a loss or danger of loss to others. This action depicts the villanous intent behind participating in misleading activities. The lack of such bands a person’s actions to nothing more severe than genuine misconduct.

Question

Question In law, each of the ways of committing fraud requires three separate elements to be present Which two elements are common to each type of fraud? Select two options and then Confirm Agenuine error or mistake Dishonesty An intention to make a gain or cause a loss or risk of a loss

Answer

Answer

Explanation