To make a MISREPRESENTATION of an existing material fact, knowing it to be false or making it recklessly without regard to whether it is true or false, intending for someone to rely on the misrepresentation and under circumstances in which such person does rely on it to his or her damage. To practice FRAUD; to cheat or trick. To deprive a person of property or any interest, estate, or right by fraud, deceit, or artifice.
Intent to defraud means an intention to deceive another person, and to induce such other person, in reliance upon such deception, to assume, create, transfer, alter, or terminate a right, obligation, or power with reference to property.
Law Library - American Law and Legal InformationFree Legal Encyclopedia: Deed of covenant to Direct Tax