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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 |