California Financial Code 50004 – “Fraud,” “deceit,” and “defraud” are not limited to common law fraud …
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“Fraud,” “deceit,” and “defraud” are not limited to common law fraud or deceit.
(Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Section operative January 1, 1996, pursuant to Section 50601 (later repealed).)
Terms Used In California Financial Code 50004
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Fraud: Intentional deception resulting in injury to another.