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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_