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constructive fraud |
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constructive fraud A breach of some duty that results in a tendency to deceive others,with no requirement of a showing of intention to deceive or moral wrongdoing.A broker may be charged with constructive fraud if that person had a duty to disclose a known dangerous defect and failed to do so. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| A North Carolina court of appeals ruled that shareholders of a corporation could maintain a constructive fraud action against an accounting firm. The federal court also found that Sassoon could go forward with a claim of constructive fraud against P&G, which had over $43 billion in global sales in the fiscal year ending June 30, 2003. The federal court also found that Sassoon could go forward with a claim of constructive fraud against the Cincinnati-based company with more than $43 billion in global sales in the fiscal year ending June 30, 2003. |
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