An untrue assertion of fact made with knowledge of falsity a

An untrue assertion of fact made with knowledge of falsity and with intent to deceive are required elements for fraud.
True
False

Solution

Correct Answer:
True

Explanation:
The case of fraud is proved when the facts are not only misrepresented, but also there is a knowledge of falsity who is presenting the facts. It can also be the valid reason for the revocation of the contract and or going to the court of law for remedial action.