Opinion ID: 1901355
Heading Depth: 2
Heading Rank: 5

Heading: whether fidelity or american bankers may be held liable for fraud or civil conspiracy.

Text: ¶ 38. Fidelity and American Bankers next argue that Wells and Oliver failed to establish fraud. A successful claim of fraud requires proof of: (1) a representation; (2) its falsity; (3) its materiality; (4) the speaker's knowledge of its falsity or ignorance of its truth; (5) his intent that it should be acted on by the hearer in the manner reasonably contemplated; (6) the hearer's ignorance of its falsity; (7) reliance on its truth; (8) right to rely thereon; and (9) consequent and proximate injury. Franklin v. Lovitt Equip. Co., 420 So.2d 1370, 1373 (Miss. 1982). ¶ 39. Wells and Oliver have failed to demonstrate any affirmative representation made by either Fidelity or American Bankers which induced their justifiable reliance thereon. As discussed in the point of error regarding concealment fraud, there were doubtlessly aspects of the relationship between American Bankers and Fidelity which were not apparent to Wells or Oliver. However, they are unable to demonstrate any specific representation by Fidelity or American Bankers which might give rise to a fraud cause of action. We concluded in Baymon that the plaintiffs there had failed to establish a cause of action for fraud, and we so find in the present case. Baymon, 732 So.2d at 269-70.