Chapter 13 - Reality of Consent

A contract signed under duress or undue influence is simply void.

• True
• False

A misrepresentation may be negligent (innocent) or fraudulent.

• True
• False

Mutual mistakes may be remedied by reformation.

• True
• False

Duress and undue influence have the same meaning.

• True
• False

Elements of innocent misrepresentation:

• False assertion
• Reasonable reliance on assertion by complainant
• Knowingly made to induce a person to enter a contract
• Red triangle and blue diamond but not yellow circle

A unilateral mistake will not render a contract void unless:

• Substantial difference between contract and market price
• Fundamental error occurred
• An unequal bargaining position existed