him? PieC y Jtry not making 9. Lyle tells Candice that he is forming a partnersh

Question

him? PieC y Jtry not making 9. Lyle tells Candice that he is forming a partnership to invest in drilling for oil in an oil field and invites her to invest in this venture. In reality, though, there is no oil field, and Lyle intends to use whatever money he receives from Candice for his personal expenses. Candice relies on Lyle's statements and invests $30,000 with Lyle. Lyle leaves the state with Candice's $30,000 investment. Candice believes she is a victim of fraud and files a law suit. What elements of fraud will the court consider in determining if Candice is a victim of fraud? 10 What are two tvnes of fraud? Scanner IMG 2018.p IMG-20180609-wjpM 8...Jpg IMG-20180609-W..jpg IMG-20180609-W..pg e to search

Explanation / Answer

The court will consider the following two elements:

1. If truly there is no oil field in order to drill for oil.

2. Whether indeed, Lyle uses the money obtained from Candice towards his personal expense.

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