755. Meaning of 'fraud'.

'Fraud', in connection with representations upon which it is sought to base a claim for deceit, has the same meaning in both a court of law and a court of equity1. In this connection there is no distinction between legal and equitable fraud2, or between legal fraud and moral fraud3, and no such thing as imputed or constructive fraud, if and so far as these expressions serve to suggest that any statement may be construed as fraudulent for the purposes of founding a claim for deceit, although the statement is not characterised by actual fraud, as the law has