The Three Conditions for Fraud in the Fraud Triangle Include

question 1

True/False

The three conditions for fraud in the fraud triangle include incentive/pressure,rationalization,and opportunity.

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Definitions:

Laches

A legal doctrine used to dismiss claims where a party unjustifiably delays taking action to the detriment of another.

Waiver

An express or implied renunciation of a right or claim.

Novation

The substitution of parties to an agreement, or the replacement of one agreement by another agreement.

Valid Tender

An offer of payment for goods or services that, by law, cannot be refused by the creditor if the debtor intends to discharge the debt.