Question

In the context of credit risk management, what is the key conceptual difference between Willful Default and Fraud regarding the borrower's actions?

A Willful default is "Trying to Capture What Others Own," whereas Fraud is "Not Returning What I Owe".
B Willful default is "Not Returning What I Owe," whereas Fraud is "Trying to Capture What Others Own".
C Both Willful Default and Fraud are legally defined as "Trying to Capture What Others Own".
D Willful default requires criminal investigation, whereas Fraud requires simple civil recovery reporting.
E Neither involves financial misconduct or non-payment.
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