Business Fraud
Any successful business transaction requires a mutually beneficial exchange of assets for liabilities. This exchange depends on each side fulfillment of promises, based on a mutual trust between the parties. Since this mutual trust is commercial, it usually will have a contract to explicitly state the terms of each party’s promises.
Business fraud lawsuits can start when there’s some evidence of the other party being intentionally dishonest in a commercial exchange. This intentional wrongdoing can be theft, deception, misrepresentation, coming in the form of false statements, forged signatures or even unusable payment methods.
Business Fraud Claims
A civil lawsuit can be brought against an individual or a business entity involved in the commercial agreement. These legal claims extend to a variety of commercial relationships, like partnerships, corporations and brokerage of stocks or bonds. Also included are unfair practices with any buy-sell agreement, interference in acquiring/retaining clients, or real estate development contracts.
The plaintiff must prove both that an individual or business performed a certain act with the intent to defraud and caused damage through that act. This harm needs to be a damage that is measurable. The measure of damages has to be a direct result of the commercially fraudulent conduct. This intent can be uncovered by combing the relevant records to find instances of conduct that reveal the motivations of the fraudulent parties. Relevant records can include receipts, checks, correspondence and even bank records.
Your Rights in Business Fraud Claims
Committing fraud can mean either passively hiding or actively misrepresenting the truth. If you suspect someone of hiding the truth, you will need to search for material facts that concealed the true nature of your business relationship. If you suspect someone of misrepresenting the truth, you will need to uncover any distortions or interference on part of the guilty party.
A civil court can determine whether or not the wronged party can recover compensation equal to the loss and possible additional punitive damages. This recovery can occur only if a cause and effect is demonstrated to the courts between the fraud and the measurable loss.
Free Business Fraud Case Review
Call today for your initial free consultation with an experienced commercial fraud attorney, please call 713-574-7616
Borunda, P.C. 