Q: Discuss Section 420 of IPC?

Ans: Section 420 specifically penalises more severe cases of cheating. Under Section 417, cheating is illegal regardless of whether it was done dishonestly or fraudulently. In contrast, Section 420 particularly penalises situations in which fraud is committed using deceptive inducement when the fraud's target is real estate or valued security.

Illustration: 

A" requests money from "B." A purposefully misleads B into thinking that A's intention is to repay whatever money B may lend him or he dishonestly persuading B to lend him money. Considering that "A" has no intention of paying it back, "A" has cheated.

Using the same name as a wealthy banker, "A" defrauds by impersonating him. Using a persona, "A" cheats "B."

The punishment under the offense of section 420 is imprisonment for a term extending up to 7 years and also with a fine. 

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