Question: In class we discussed the rules related to contract formation. We learned that occasionally people make mistakes and want to get out of a contract.

 In class we discussed the rules related to contract formation. We

learned that occasionally people make mistakes and want to get out of

In class we discussed the rules related to contract formation. We learned that occasionally people make mistakes and want to get out of a contract. Sometimes they can and sometimes they can't. We learned that when a mistake is made it normally will not invalidate the contract if it is 1. mistake of fact, but if it is a 2 . mistake often the the contract can be 3 . However, if the party knows or has reason to know that the other party has made a mistake of the type that 4 . allow the mistaken party to invalidate the contract even if it is a one-sided mistake. Also, if the the mistake is one of value the contract is generally 5 . Unlike mistake, fraud almost always voids a contract. The fraud specified in the textbook is simply referred to as 6 . but having attended class you know that in California fraud also includes not disclosing material information when a duty exists to do so which is considered 7 . and also in California fraud occurs when statements are made and the person making the statements has no reasonable grounds for believing the statements made to be true or not which is normally called 8 . .. There are times when people have been forced to enter into a contract when they really do not want to. If this is a result of violence or the threat of violence then any contract entered into is voidable under the concept of 9 . and sometimes these acts are not physical but rather pecuniary which is considered to be 10 . as explained in class using the Captain of a fishing boat agreement which bound him to a union contract. Another activity which will invalid a contract occurs when one person effectively coerces another to sign a document or contract which actions is generally referred as 11 . . In class in discussing this concept we learned that it occurs less often in a business setting than in a personal setting such as a situation where one sibling family member influences their elderly parent to sign a document related to their parent's disposition of assets through probate on the event of death which document, as discussed, is often simply referred to as a/an 12 . 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10 . economic fraud 11. battery influence 12. Will 1. mutual 2. unilateral 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. undue influence 12. Will 1. unilateral 2. mutual 3. enforced 4. will 5. revocable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. undue influence 12. Will 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. undue influence 12. Will 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. undue influence 12. Living Trust 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6. negligent misrepresentation 7. concealment 8. intentional misrepresentation 9. duress 10. economic duress 11. undue influence 12. Will 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. undue influence 10. economic influence 11. duress 12 . Will 1. bilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. undue influence 12. Will 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic duress 11. concealment 12. Will 1. unilateral 2. mutual 3. rescinded 4. will 5. enforceable 6._intential misrepresentation 7. concealment 8. negligent misrepresentation 9. duress 10. economic fraud 11. undue influence 12. Will None of the above

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