Section 418. Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to p

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.