A __________________________ Fraud Affects a Large Number of Victims but the Harm

question 61

Short Answer

A __________________________ fraud affects a large number of victims but the harm to each appears to be very small.

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Definitions:

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise if the other party has reasonably relied on that promise to their detriment.

False Pretenses

The act of knowingly making untrue statements or deceiving others to obtain goods, money, or services unlawfully.

Mutual Exchange

An agreement where two parties exchange goods, services, or other considerations of value, with each party benefiting from the transaction.

Promissory Estoppel

A legal principle preventing someone from arguing that an unenforceable promise they made should not be upheld, because the other party relied on that promise to their detriment.