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Busniess Lawq chpt 9

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Fraud   Intentional Misstatement or nondisclosure of a material fact made by one party in an attempt to influence the actions of another party  
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Puffing   Mere expression of opinion  
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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  
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Mistake   A belief that is not in accord with the facts  
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undue Influence   When someone with influence over another person abuses that influence to alter their decision  
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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  
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Contract of adhesion   A contract that involves parties who have unequal bargaining power  
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Unconscionable Contract   A contract regarded as shockingly unjust or unfair  
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Created by: Masterkenny12
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