In a situation where one party to a contract has lied about the subject matter in order to entice the other party to enter into a contract,the type of fraud that would most likely be present is:
A) fraud in the inception.
B) fraud in the inducement.
C) fraud by concealment.
D) fraud by undue influence.
E) fraud in the substance.

Question

Quizplus · Accepted Answer

Fraud in the inducement is when one party to a contract makes false statements to the other party that induce them to enter into the contract. In this case, the party has lied about the subject matter to entice the other party to enter into the contract, which falls under fraud in the inducement.

In a Situation Where One Party to a Contract Has