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Answer :
Final answer:
Fraud is the intentional act of deceiving or misrepresenting a material fact for personal gain or to cause harm.
Explanation:
Intentionally deceiving or misrepresenting a material fact is known as fraud. Fraud involves the deliberate action of providing false information with the intention of gaining an unfair advantage or causing harm to others. It is a legal concept that is often used in areas such as contract law, tort law, and criminal law.
One example of fraud is when someone sells a product claiming that it has certain features or benefits that it does not actually possess. This false representation deceives the buyer and can lead to financial loss or harm.
In legal terms, fraud requires the following elements: a false representation of a material fact, knowledge of its falsity, intent to deceive, reliance on the misrepresentation, and resulting harm or injury. It is important to note that fraud is a serious offense and can have severe legal consequences.
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