§ 15-58. Actual fraud defined.  


Latest version.
  • Actual fraud, within the meaning of this chapter, consists in any of the following acts, committed by a party to the contract, or with his connivance, with intent to deceive another party thereto, or to induce him to enter into the contract:

    1.  The suggestion, as a fact, of that which is not true, by one who does not believe it to be true.

    2.  The positive assertion in a manner not warranted by the information of the person making it, of that which is not true, though he believe it to be true.

    3.  The suppression of that which is true, by one having knowledge or belief of the fact.

    4.  A promise made without any intention of performing it; or,

    5.  Any other act fitted to deceive.