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A judge is a law student who marks his own examination papers.
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Legal Definitions - fraudulent act
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
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Definition of fraudulent act
Definition: A fraudulent act is conduct that involves bad faith, dishonesty, a lack of integrity, or moral turpitude.
Examples of fraudulent acts include:
- Transferring property with the intent to defraud others, especially creditors and lienholders.
- Transferring an estate asset by the estate's administrator for little or no consideration.
These examples illustrate how a fraudulent act involves intentionally deceiving others for personal gain. In the case of transferring property or assets, the individual is attempting to hide their assets from creditors or beneficiaries. This behavior is considered dishonest and lacks integrity.
The young man knows the rules, but the old man knows the exceptions.
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Simple Definition
A fraudulent act is when someone does something dishonest or bad on purpose. This could mean lying, cheating, or stealing from others. It shows that the person lacks good morals and is not trustworthy. Another example of a fraudulent act is when someone tries to hide their property or money from people they owe money to, like their creditors. This is not a good thing to do and can get them into trouble.
A judge is a law student who marks his own examination papers.
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