Constructive Fraud (Noun)
Meaning
Comprises all acts or omissions or concealments involving breach of equitable or legal duty or trust or confidence.
Classification
Nouns denoting acts or actions.
Examples
- The court found the defendant guilty of constructive fraud for failing to disclose the true condition of the property to the buyer.
- The accountant's concealment of the company's financial difficulties constituted constructive fraud against the investors.
- The employee's unauthorized use of company funds for personal expenses was considered constructive fraud against the employer.
- The real estate agent's failure to disclose the neighborhood's high crime rate to the buyer was deemed constructive fraud.
- The company's omission of a known product defect from the safety manual was ruled as constructive fraud against its customers.