Posted by cookie on February 05, 2007 at 18:53:45:
In Reply to: Re: Legal definition of fraud posted by Laurie Hill on October 21, 2006 at 11:00:50:
Yes, that was fraud and a bad decision however, if you would have given the money back to these people who did not fill out an application nothing could have been done because there were no contract. The 2 who put the money down had proof by means of the money order receipt however, your company had no binding contract. I think your intentions were good.