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LSDefine

Simple English definitions for legal terms

fraud in the inducement

Read a random definition: Directive on Rental, Lending and Certain Neighbouring Rights

A quick definition of fraud in the inducement:

Fraud in the inducement is when someone tricks another person into signing a contract by lying or making false promises. This makes the contract not valid because both parties did not agree to the same thing. The person who was tricked can ask for money or cancel the contract. In some places, the person who was tricked can still choose to keep the contract even if they know they were lied to. To prove fraud in the inducement, the person who was tricked must show that the other person lied on purpose and that the lie was important. This is different from when someone signs a contract without knowing what it says, which is called fraud in the execution.

A more thorough explanation:

Fraud in the inducement is when someone tricks another person into signing a contract by using lies or false information. This makes the contract invalid because both parties did not agree to the same terms. The person who was tricked can either ask for money to make up for the harm caused or cancel the contract altogether.

For example, if someone sells a car to another person and lies about the car's condition, that is fraud in the inducement. If the buyer finds out about the lies, they can either ask for money to fix the car or cancel the sale.

In order to prove fraud in the inducement, the person who was tricked must show that the other person made a false statement, knew it was false, and intended to deceive them.

fraud | fraud-on-the-market theory

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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