Question

For an action to be called fraudulent, all of the following conditions are required except:

A. poor judgment
B. false representation
C. intent to deceive
D. injury or loss

Answer 1

Poor judgment

Step-by-step explanation:

In simple words, fraudulent activities refers to the actions that are intentionally taken by an individual to deceive or harms some other party. One can perform fraudulent activities in various different aspects such as legal fraud, financial fraud or investment fraud etc.

Fraudulent activities involves representing false information or deliberately concealing facts from some other party for the purpose of attaining the objective that could not have been achieved if full facts were presented at first.

Any activity done by the guilty party due to poor judgment will not be considered as fraud because the nothing was hidden and there was no intention to harm.