The correct answer is:
- The significance or materiality of a fact.
Explanation:
1. Fraud typically involves a false statement or the concealment of a fact to deceive someone.
2. Knowledge of the falsity of the statement is a crucial element in fraud, as the individual making the false statement is aware that it is not true.
3. Harm to the victim is another essential element of fraud, as it involves causing damage or loss to the person being deceived.
4. However, the significance or materiality of a fact is not an element of fraud. Materiality refers to the importance or relevance of a fact in a given situation, and while it can impact the severity of fraud, it is not a fundamental element of the fraudulent act itself.
