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Busniess Lawq chpt 9

TermDefinition
Fraud Intentional Misstatement or nondisclosure of a material fact made by one party in an attempt to influence the actions of another party
Puffing Mere expression of opinion
Misrepresentation The unintentional misstatement or nondisclosure of a material fact that results in inducing another to enter into an agreement to his or her loss
Mistake A belief that is not in accord with the facts
undue Influence When someone with influence over another person abuses that influence to alter their decision
Duress The act of applying unlawful or imporper pressure or influience to a person in order to gain his or her agreement to a contract
Contract of adhesion A contract that involves parties who have unequal bargaining power
Unconscionable Contract A contract regarded as shockingly unjust or unfair
Created by: Masterkenny12
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