Wednesday, April 22, 2009

ARE YOU A FRAUD?

Section 17 of the Contracts Act 1950 defines what is fraud.It states that fraud includes any of the follwing acts committed by a party to a contract or with his connivance,or by his agent,WITH INTENT TO DECEIVE another party thereto or his agent to enter into a contract:

(a)the suggestion,as to a fact,of that which is not true
by one who does not believe it to be true

(b)the active concealment of a fact by one having knowledge
of belief of the fact.

(c) a promise made without any intention of performing it

(d)any other act fitted to deceive

(e)any such act or omission as the law specially
declares to be fraudulent

Personally I think we all are frauds to some extent but will not admit it AND WILL NEVER ADMIT IT!!!!

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Kuala Lumpur, Selangor, Malaysia
Origin- Penang.Came to KL in 80's to study theology.Threw away my religious books after 4 years to read Law.