The Acts were considered crimes of fraud.

Individuals that gain property rights through deception or false pretense likely end up with property that has pecuniary value. Those rights are limitless and often specific to certain properties and structures.

However, the idea is basically the same. The insurance company is entitled to drop the insured if it uncovers the fraud, and fraud can also result in fines, jail time, and other punishments if it is prosecuted and proved in a court of law.

In both cases, the accused knowingly and recklessly makes a false representation in order to gain property from another person who is entitled to ownership of that property.

A criminal may use false pretense to gain valuable property, such as a title to land. However, this is not to be taken literally for the simple reason that a person who obtains ownership of property by deceit does not obtain full title to the property; only a voidable title. The major premise of the new, streamlined laws was that a person was guilty if they committed theft of property that rightly belongs to another with the intention of permanently depriving the person of their property. In addition, the previous holder of title must have only relinquished the title because of the fraud, absent of any other factors. Note that if property is falsely obtained for a specific purpose - for example money to buy a car that does not exist - the crime is larceny by trick rather than false pretenses because the victim intended to pass title to the money only upon completion of the transaction; until such time the victim intended to deliver possession only. They must have defrauded the previous holder of the title willfully and effectively in order to be charged with a  crime.

English law now uses the term deceit, or crimes of deception, to cover crimes of similar circumstance. Thus if the reprentation was false when made but is true at the time title to the property passes there is no crime. On the other hand the offense requires the victim believe the representation to be true.

In all cases, the perpetrator misrepresents facts in order to gain the property rights that rightfully belong to another person. If the lies later turn out to be true, or the thief thinks that something is a lie but it's actually the truth, this is not considered false pretenses. If the deceit took place after the previous title holder had already decided to relinquish their property rights, no crime has taken place. False pretense can not be utilized when making claims about the future since humans cannot possibly know what will happen in the future.

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