• U.S. Court of Appeals for the 2nd Circuit
  • 12-474cv
  • May 20 2014 (Date Decided)
The essential elements of an action in fraud are: 1.) a false representation was made as a statement of fact; 2.) it was false and known to be false by the party making it; 3.) it was made to induce the other party to act; and 4.) the other party acted on the false representation to his detriment.