b law 11 - Concealment action taken to keep another from...

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CHAPTER 11 Test 2 Duresswrongful or unlawful act or threat that overcomes the free will of a party Undue influence the unfair persuasion of a person by a party in a dominant position based  on a relationship of trust and confidence Fraud in the execution a misrepresentation that deceives the other party as to the very  nature of the contract; renders the agreement void Fraud in the inducement misrepresentation regarding the subject matter of a contract that  induces the other party to enter into the contract; renders  the contract voidable Misrepresentation some positive statement or conduct that is not in accord with the facts
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Unformatted text preview: Concealment action taken to keep another from learning a fact Fiduciary person who owes a duty of trust, loyalty, and confidence to another Puffing sales talk that is considered general bragging or overstatement Scienter guilty knowledge Negligent misrepresentation made without due care Innocent misrepresentation misrepresentation made without knowledge of its falsity but with due care Mutual mistake both parties have a common but erroneous belief forming the basis of a contract Unilateral mistake erroneous belief on the part of only one of the parties to a contract...
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