Section 7.14 Fraud

• Library: Contracts 2016 Supp

3. (§7.14) Fraud

A contract procured by fraud is not enforceable. Lauria v. Wright, 805 S.W.2d 344, 347 (Mo. App. E.D. 1991). The elements of fraud are:

(1) a representation;

(2) its falsity;

(3) its materiality;

(4) the speaker’s knowledge of its falsity or his ignorance of its truth;

(5) the speaker’s intent that the representation should be acted on by the person and in the manner reasonably contemplated;

(6) the hearer’s ignorance of the falsity of the representation;

(7) the hearer’s reliance on the...