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7 Cards in this Set
- Front
- Back
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Fraud |
The intentional misstatement or nondisclosure of a material (essential) fact made by one party in an attempt to influence the actions of another party. |
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Puffing |
A general expression of opinion,typically in a sales context, that is used to persuade a prospective purchaser to buy. It does not constitute a misrepresentation of material text. |
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Misrepresentation |
A misstatement of a material fact that results in inducing another to enter into an agreement to his or her injury. |
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Mistake |
A belief that is not in accord with the facts. |
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Undue influence |
The improper use of excessive pressure by the dominant member of a confidential relationship to convince the weaker party to enter a contract that greatly benefits the dominant party. |
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Contract of adhesion |
A contract drawn by one party that must be accepted as is on a take-it-or-leave-it basis. |
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Unconscionable contract |
A contract that is so one-sided that it is oppressive and gives unfair advantage to one of the parties. |
