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constructive fraud

   Also found in: Dictionary/thesaurus, Financial 0.03 sec.

constructive fraud n. when the circumstances show that someone's actions gives him/her an unfair advantage over another by unfair means (lying or not telling a buyer about defects in a product, for example), the court may decide from the methods used and the result that it should treat the situation as if there was actual fraud even if all the technical elements of fraud have not been proven. (See: constructive)



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Macevicz in breaking the agreement, as well as constructive fraud and unfair competition.
The physician's failure to disclose that which he knows, or in the exercise of reasonable care should have known constitutes constructive fraud.
7) Constructive fraud does not require intent to conceal, but rather focuses upon the transfer being given without value.
 
 
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