Legal Question in Business Law in California
A borrowed money from B. B did not disclose that B already had borrowed money from C,D and E because A did not ask if B was already in debt. Has B commited fraud by the concealment of a material fact?
Thanks. You guys are great!
Asked on 8/24/09, 1:36 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
No. Fraud also requires a loss.
Answered on 8/24/09, 9:41 am
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