Examlex
When an act is performed to benefit another without expectation of one's own gain it is specifically termed:
Risk of Loss
The responsibility for damage or financial burden that may arise from the destruction, damage, or loss of goods.
Fraud in the Inducement
A legal term referring to a deceptive act used to convince someone to enter into a contract, which significantly impacts the victim's decision to agree.
False Representation
The act of providing untrue, misleading, or deceptive information with the intent to defraud others.
Material Fact
A fact that is significant or essential to the issue or matter at hand, which could influence a decision.
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