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7.1_cj

QuestionAnswer
Genuine assent Agreement to enter into a contract that is evidence by words or conduct between the parties
Voidable Contract in which the injured party can withdraw, thus cancelling the contract
Rescission Backing out of the transaction by asking for the return of what you gave and offering to give back what you recieved
Ratification Acting toward the contract as though one intends to be bound by it; principal's assent to unauthorized acts of an agent
Duress Occurs when one party uses an improper threat or act to obtain an expression of agreement
Undue influence Occurs when one party to a contract is in a position of trust and wrongfully dominates the other party
Created by: Chanse.j_