The Elements of Fraud Consist of All of the Following

question 44

Multiple Choice

The elements of fraud consist of all of the following except:

• A) Concealment
• B) Theft Act
• C) Conversion
• D) Conviction

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Definitions:

Mentally Incompetent

Mentally Incompetent describes a person who is legally declared as incapable of handling their own affairs or making decisions due to mental limitations or illness.

Appointed

Assigned to a position or role by authority or decision rather than through election.

Executory Contract

A contract yet to be performed; a contract at the stage when an agreement has been made but before performance is due.

Example

A representative instance or case used to illustrate a principle, pattern, or procedure.