Blaw Chapter 7

Rescission is conduct suggesting you intend to be bound by the contract

• True

• False

The absence of genuine assent will make a contract voidable.

• True

• False

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

• True

• False

When one party to the contract is in a position of trust and wrongfully dominates the other party, undue influence occurs.

• True

• False

Signing a contact written in technical terminology that you don't understand will not bind you.

• True

• False

Material facts are important facts that influence the parties' decisions about a contract.

• True

• False

In some states, the contract is still valid if the mutual mistake is about the applicable law.

• True

• False

Unilateral mistakes create the right to rescind or void the contract.

• True

• False

All persons are presumed to know the law.

• True

• False

Punitive damages are a form of punishment

• True

• False