If one party makes a representation on which he expects the other party to rely, the fact that the party who is deceived did not act for some time after such representation was made, does not prevent such representation from amounting to fraud,1 especially if such representation is made originally under an agreement to the effect that it is to be a continuing representation.2 Accordingly, fraud may exist where the statement which was relied upon was made a year,3 or several months,4 or a few days,5 before action was taken in reliance upon such statement. If such statement is made so long before the adversary party acted thereon that it appears that such adversary party did not rely on such statement at the time of such action, such statement does not amount to fraud.6 A statement made to a mercantile agency nearly three years before the transaction in question, is not fraud of which the adversary party can complain.7