How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Law Pro Your Own Question
Law Pro
Law Pro, Attorney
Category: Business Law
Satisfied Customers: 24869
Experience:  20 years experience in business law - sole proprietor, partnership, and corporations
Type Your Business Law Question Here...
Law Pro is online now
A new question is answered every 9 seconds

Thanks, XXXXX XXXXX not understand the statement that "you must prove

This answer was rated:

Thanks, XXXXX XXXXX not understand the statement that "you must prove each element of the fraud claim or you will be liable for contractual damages" What does this mean, if I claim fraud and I am not successful, meaning the jury does not believe it was fraud, then i have to pay damages? Why do you call them contractual damages, what contract are you referring to?

Welcome to JustAnswer! My goal is to do my very best to understand your situation and to provide a full and complete excellent answer for you.

My name is XXXXX XXXXX I'm going to assist you with your question.

Please bear with me if you believe my answer isn’t coming fast enough because I’m also working with other customers too. I apologize for any seemingly late response.

Maybe I stated that wrong.

What I meant to say was - that if you can't prove all the elements of fraud - then you would be resigned only to a breach of contract action damages.

As you stated - if you can get the judge/jury to find that fraud had occurred - there are benefits:

1) punative damages
2) emotional distress and pain and suffering
3) not dischargeable in bankruptcy
4) can pierce the corporate veil

Law Pro and 2 other Business Law Specialists are ready to help you

Related Business Law Questions