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Which of the following definitions of fraud is not true? Fraud is the known misrepresentation of the truth or concealment of a material fact

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Which of the following definitions of fraud is not true? Fraud is the known misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment. Fraud is intentionally misstating or hiding the truth knowing that the recipient of that information will act on the information. Fraud is a known false statement on which a victim relies on and suffers damages. All of these answer choices are correct.

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