The correct answer of the question is Fraud.
The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.
What is Fraud?
- It is a form of deception or an unlawful gain.
- It is an intentional form of deception that can have various criminal consequences.
- There are various kinds of frauds like bank fraud, insurance fraud etc..
- It is committed with the intention of gaining an unauthorized benefit.
- it can occur in various domains like finance, real estate, insurance etc.
- Usually a fraud can lead the person to have legal consequences and the victim can sue the person or organization which was involved with the crime.
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