Law Chapter 6

Front

When a bilateral mistake is made, neither party may avoid the contract.

Back

False

Front

Individuals can make a false representation by not saying something that they should say.

Back

True

Front

A person may win a lawsuit for fraud even if no loss is suffered.

Back

False

Front

A threat to exercise one's legal rights is a form of duress.

Back

False

Front

Are people who cannot read English, but sign a contract written in English, bound by that contract?

Back

False

Front

Threats of a business nature that cause a person to enter into a K without real consent would qualify as

Back

economic duress

Front

Mutual mistake is also known as

Back

bilateral mistake

Front

A deliberate deception to secure unfair or unlawful gain is

Back

fraud

Front

If what seems to be a valid contract turns out not to be, the contract is

Back

defective

Front

A fact that is important to one of the parties to a contract is a(n)

Back

material fact