Section 418 IPC-Dhara 418-Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect

Section 418 IPC-Dhara 418-Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect:

Whoever cheats with the knowledge that he is likely thereby to cause wrongful loss to a person whose interest in the transaction to which the cheating relates, he was bound, either by law, or by a legal contract, to protect, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.

 

CLASSIFICATION OF OFFENCE

 

Punishment—Imprisonment for 3 years, or fine, or both—Non-cogniz­able—Bailable—Triable by any Magistrate—Compoundable by the person cheated with the permission of the court.