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Business Law: Text & Exercises
Roger leroy miller, william e. hollowell, voluntary consent - all with video answers.
True-False Questions
A contract involving a mistake of fact can sometimes be avoided.
When both parties to a contract are mistaken as to the same material fact, the contract cannot be rescinded by either party.
To commit fraudulent misrepresentation, one party must intend to mislead another.
In an action to rescind a contract for fraudulent misrepresentation, proof of injury is required for damages to be awarded.
The essential feature of undue influence is that the party taken advantage of does not exercise free will.
If a person makes a statement that they believe to be true, they cannot be held liable for misrepresentation.
A seller has no duty to disclose a defect that is known to the seller but could not reasonably be suspected by the buyer.
When both parties make a mistake as to the future market value of the object of their contract, the contract can be rescinded by either party.
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MindTap: Worksheet 13.1: Voluntary Consent. 5.0 (6 reviews) Contract law allows a contract to be _______ on the basis of mistake. Only a mistake of _____ makes a contract voidable. The mistake must involve some _____ fact. Click the card to flip 👆. avoided; fact; material. Click the card to flip 👆. 1 / 11.
Study with Quizlet and memorize flashcards containing terms like 1. A lack of voluntary consent:, 2. Mistakes can be mistakes of ______ which allow a contract to be voided or mistakes of _____ which do not., 3. When a party is fraudulently induced into a contract, that party can . and more.
Study with Quizlet and memorize flashcards containing terms like 1. Contract law allows a contract to be ___ on the basis of mistake. Only a mistake of ___ makes a contract voidable.
13-1 Voluntary Consent. Voluntary consent: assent may be lacking because of mistake, fraudulent misrepresentation, undue influence, or duress Mistake of Fact: A mistake of material facts as opposed to a mistake of value Unilateral Mistakes: A mistake that occurs when one party to a contract is mistaken for a material fact.
What is voluntary consent? Voluntary consent is the knowledge of a genuine assent to the terms of a contract. What is a Unilateral mistake, what affect does it have on a contract?
Video answers for all textbook questions of chapter 13, Voluntary Consent, Business Law: Text & Exercises by Numerade.
Chapter 13: Contract performance, Breach, and Remedies. Voluntary consent. Voluntary consent can be used as a defense to the contracts enforceability. Mistakes Unilateral mistakes of fact — one of the parties makes a mistake. 1. The other party to the contract knows or should have known that a mistake of fact was made. 2.
13.1d Duress Agreement to the terms of a contract is not voluntary if one of the parties is forced into the agreement. Duress involves the use of threats, blackmail, or extortion to force a party into a contract.
CHAPTER 13 CONTRACT PERFORMANCE, BREACH, AND REMEDIES 13.1 Voluntary Consent - A lack of voluntary consent can be used as a defense to the contract’s enforceability - May be lacking because of a mistake, misrepresentation, undue influence, or duress - Party may still choose the follow through with the contract or to cancel the whole transaction ...
Worksheet 13.1: Voluntary Consent. Drag and drop the appropriate terms into the spaces provided. Contract law allows a contract to be. ___________. on the basis of mistake. Only a mistake of. ___________. makes a contract voidable. The mistake must involve some.