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7.2_cj
| Answer | |
|---|---|
| Mutual mistake | Both parties to a contract have an incorrect belief about an important fact |
| Material facts | Important facts that influence both parties decisions about a contract |
| Void | Without legal effect |
| Innocent misrepresentation | Party to a contract does not know that statement he or she made is unture |
| Fraudulent misrepresentation | Party to a contract knows that a statement he or she made is unture |
| Fraud | Intentional misrepresentation of an existing important fact |
| Unilateral mistake | Occurs when one party holds an incorrect belief about belief about the facts related to a contract |
Created by:
Chanse.j_
on 2012-02-21