What is the definition of fraud and conversion?

Answer by  CLEV (405)

Fraud is simply acting under false pretenses to the detrament of another party to exploiut them in some way. Conversion is like the infringement of a copyright that is in place.

Answer by  spaffman10000 (469)

Fraud is an intentional deception made for personal gain. Conversion is a voluntary act by one party incompatible with the ownership rights of another.

Answer by  dja1034 (26)

Fraud intentionally uses deception to deprive an owner of their money, or property. Conversion is the unjust deprivation of an another's money, or personal property.

Answer by  SashaDarkCloud (5764)

It is when someone says something that isn't true to get some sort of benefit from someone else. Then, takes that property for their own because of said fraud. At least, that is what I understand from what I have read on the internet. You can ask a lawyer what that definition is for a more precise answer.

Answer by  Ron27 (465)

Conversion is the wrongful possession of someone else's property, as if it were one's own. Fraud is a knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment. These definitions were summarized from Black's Law Dictionary Third Pocket Edition