fraud in the factum
- This is a type of fraudulent practice where a party is tricked into taking part in a transaction, often relating to a contract or promissory note, without understanding the actual nature of what they are getting involved in
- The elderly man was a victim of fraud in the factum as he was misled into signing a contract without a clear understanding of its terms.
- The company faced charges of committing fraud in the factum by misrepresenting the nature of the investment in promotional material.
- The legal team argued that it was a case of fraud in the factum as their client was unaware of the financial implications of the agreement she signed.