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Is contract fraud civil or criminal

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Is contract fraud civil or criminal


        

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  • 2024-06-06 08:00:02

    Contract fraud is a criminal offence. The subject of this crime can be constituted by individuals or units. The individual committing this crime is the general subject, and the unit committing this crime is any unit. The crime of contract fraud is not only a civil problem, but also a criminal law. It is the crime of contract fraud in the Criminal Law of our country. Of course, the crime of contract fraud is punished according to Article 224 of the Criminal Law and sentenced to imprisonment of less than three years or more.

    The subjective aspect of this crime is manifested as direct intention and the purpose of illegally occupying the property of the other party.

    The object of this crime is a complex object, that is, the state's management order of economic contracts and the ownership of public and private property. The object of this crime is public and private property.

    The objective aspect of this crime is manifested in the act of defrauding the other party's property in a large amount by fabricating facts or concealing the truth in the process of signing and performing the contract.

    [Legal Basis]

    Article 224 of the Criminal Law: Whoever, for the purpose of illegal possession, defrauds the other party of money or property in the course of signing or performing a contract, if the amount involved is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or sentenced to confiscation of property.

    A***

    2024-06-06 08:00:02

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