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9 Cards in this Set
- Front
- Back
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Bilateral mistake
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Occurs when both parties negotiate based on the same factual error.
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Disaffirm
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To give notice of refusal to be bound by an agreement.
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Duress
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An improper threat made to force another party to enter into a contract.
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Exculpatory clause
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A contract provision that attempts to release one party from liability in the event the other is injured.
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Integrated contract
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A writing that the parties intend as the final, complete expression of their agreement.
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Oppression
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One party uses its superior power to force a contract on the weaker party.
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Rescind
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To cancel a contract.
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Restitution
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Restoring an injured party to its original position.
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Unilateral mistake
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Occurs when only one party enters a contract under a mistaken assumption.
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