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Common Law Fraud
A form of fraud that involves misrepresentation, deceit, or concealment of a material fact leading to damage to another party, recognized under common law.
Materiality
The significance or importance of an event, fact, or piece of information in influencing a decision, particularly in the context of finance or law.
Reasonable Reliance
The expectation that a party can depend on the statements or promises of another, often a factor in legal cases involving contracts or fraud.
Liability
The legal responsibility for one's actions or the obligation to compensate for harm or losses caused to another party.
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