Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/10

Click to flip

10 Cards in this Set

  • Front
  • Back
If the subject matter (house) is offered but then destroyed by casualty (fire,etc) there is no contract due to destruction it is called
Subject Matter Loss
(Intentional) misrepresentation by either party invalidates mutual consent - making false statements, which they know are false - relied upon by the victim and causes victim damage is called
Fraud
(Intentional) An agent can be held liable if he/she does not disclose a material fact it is called
Misrepresentation
Statements of opinion is called - ex. "this neighborhood is the best one!"
Puffing
this can invalidate a contract
Mutual Mistake
use of force and will invalidate a contract as there is no "voluntary" consent is called
Duress
the "threat" of use of force will also invalidate is called
Menace
the use of "unfair advantage" to get a contract - blackmail, influence of drugs or alcohol
Undue Influence
"Substitution of Contract" - mutual consent
Novation
"Substitution of Parties"
Assignment