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LSDefine

Simple English definitions for legal terms

collateral fraud

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A quick definition of collateral fraud:

Collateral fraud is when someone lies or hides important information to make someone else do something that hurts them. It's like tricking someone into doing something bad for them. It can be a crime or a type of unfair behavior in a contract. It's not nice to do collateral fraud because it hurts other people.

A more thorough explanation:

Collateral Fraud

Collateral fraud is a type of fraud that involves intentional misrepresentation or deceptive behavior outside of a transaction or contract, which deprives one party of informed consent or full participation. It is also known as extrinsic fraud.

  • A person convinces a litigant not to hire a lawyer or answer a lawsuit by dishonestly saying the matter will not be pursued.
  • A seller of a property intentionally conceals information about the property's defects, causing the buyer to suffer financial loss.

These examples illustrate how collateral fraud involves deception that occurs outside of a transaction or contract, which causes harm to the other party. In both cases, the party committing the fraud intentionally misrepresents the truth to induce the other party to act to their detriment.

collateral fact | collateral heir

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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