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PREVIOUS：Each of the fraud types listed in Article 315 has unique legal repercussions and penalties, underscoring the importance of having a solid grasp of these differences for anyone involved in fraud-related legal proceedings. Estafa, which is defined as dishonest practices that cause financial loss for another party, is one of the most common types of fraud covered by Article 315. Originating in Spanish law, the term "estafa" has been incorporated into Philippine jurisprudence as a distinct offense with clearly defined parameters. In most cases, the crime involves a criminal using false pretenses to trick another individual into giving up money or property.NEXT：Deception, harm, and causation are the components of estafa. There are several ways to commit deception, including making false claims about one's financial situation or transactional intentions. It would be estafa, for example, if someone made a false claim that they had obtained funding for a project in order to persuade someone else to invest, and the victim suffered a monetary loss as a result. RELATED NEWS
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