Fraud is a legal concept that refers to a false statement of fact made with the intent to deceive another person and induce them to act in a way that causes them harm or loss.

The three main elements of fraud are a false statement of fact, intent to deceive, and reliance. A false statement of fact is a statement that is not true and that the person making the statement knows is not true. Intent to deceive is the intention to cause another person to believe something that is not true. Reliance is the act of relying on a false statement of fact and acting in a way that causes harm or loss.

Fraud is a crime, while misrepresentation is a civil wrong. Fraud involves a false statement of fact made with the intent to deceive another person and induce them to act in a way that causes them harm or loss. Misrepresentation is a civil wrong that involves a false statement of fact made without the intent to deceive, but which still causes harm or loss to another person.

The two main types of misrepresentation are innocent misrepresentation and fraudulent misrepresentation. Innocent misrepresentation is a misrepresentation that is made without the intent to deceive. Fraudulent misrepresentation is a misrepresentation that is made with the intent to deceive.

The remedies for fraud are rescission, damages, and restitution. Rescission is the cancellation of a contract. Damages are a monetary award to compensate the victim of fraud for their losses. Restitution is the restoration of the victim of fraud to the position they would have been in if the fraud had not occurred.

The remedies for misrepresentation are rescission, damages, and restitution. Rescission is the cancellation of a contract. Damages are a monetary award to compensate the victim of misrepresentation for their losses. Restitution is the restoration of the victim of misrepresentation to the position they would have been in if the misrepresentation had not occurred.

The statute of limitations for fraud is four years in most jurisdictions.

The statute of limitations for misrepresentation is two years in most jurisdictions.

The defenses to fraud are lack of intent to deceive, lack of reliance, and lack of damages.

The defenses to misrepresentation are lack of intent to deceive, lack of reliance, and lack of damages.

A statement of fact is verifiable, objective, and based on evidence. A statement of opinion is not verifiable, objective, or based on evidence.

A promise is a statement of intent, enforceable, and made with the intent to induce action. A statement of fact is a statement of something that is true.

A puff is an exaggerated statement of opinion that is not actionable. A misrepresentation is a false statement of fact that is actionable.

A warranty is a promise that a product will perform as promised. A misrepresentation is a false statement of fact.

Fraud is a crime, involves a false statement of fact, and requires intent to deceive. A breach of contract is a civil wrong.