What is the difference between civil fraud and fraud in the inducement?

The terms civil fraud and fraud in the inducement are both used in the context of civil law in New York. The main distinction between these two concepts is that civil fraud encompasses a much broader range of legal issues and is more often encountered in the every day life of a New Yorker. Fraud in the inducement is a specific type of legal wrong related to the making of a contract. It implies that one party has intentionally misled another into entering into a contract for some deceptive purpose. For instance, a company claiming to offer medical coverage while actually providing a much lower level of coverage would be guilty of fraud in the inducement. Civil fraud, on the other hand, covers a wide range of illegal activities, including fraud in the inducement. It includes any kind of deceitful behavior that could lead to civil damages. Examples of civil fraud include securities fraud, false advertising, embezzlement, and mortgage fraud. The main difference between civil fraud and fraud in the inducement is that the former encompasses a much wider array of activities that may lead to civil damages, while the latter is limited to situations involving the making of false contracts. Additionally, the legal remedies that can be sought by a victim affected by civil fraud are typically much broader than those available in cases of fraud in the inducement.

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What is the difference between civil fraud and fraud in the inducement?

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