Biz Law Chapter 7 Genuine Assent

Front

Committing an act of violence to obtain a signature on a written contract is duress.

Back

True

Front

A mutual mistake about the law applicable to the contract will render the contract void.

Back

False

Front

When the dominating party to a confidential relationship exerts irresistible pressure on the dominated party to enter into a contract that benefits the former, undue influence occurs.

Back

True

Front

To prove fraud, an alleged victim must show all the elements necessary to prove misrepresentation in addition to showing intent and injury.

Back

True

Front

You will not be bound to a contract you have not read, even if you sign it.

Back

False

Front

Parties that cancel their contract obligations by rescission cannot get back what they've already put into the contract.

Back

False

Front

Regardless of whether a misrepresentation is innocent or fraudulent, the resulting contract is voidable by the party to whom the misrepresentation is made.

Back

True

Front

Being able to show fraud allows a victim to recover punitive damages in addition to being able to utilize other remedies.

Back

True

Front

Active concealment of a material fact nonetheless leaves the resultant contract valid.

Back

False

Front

A contract can only be ratified by an explicit statement made orally or in writing.

Back

False