If one party uses physical threats to obtain another party's signature, there is no _________ between them
Genuine Assent
If there is no genuine assent, the apparent contract is
voidable
A(n) _________ occurs when one party backs out of a transaction by asking for the return of what they gave and offering to give back what they have recieved
rescission
_________ is conduct suggesting the intention to be bound by a contract
ratification
When one party to a contract is in a position of trust and wrongfully dominates the other party, _________ occurs
undue influence
The threat to engage in illegal conduct to win agreement is always considered
duress
The two key elements in undue influence are the relationship and the wrongful or unfair
persuasion
Duress can occur when the threa to _________ is really made for a purpose unralated to the suit
sue
An incorrect belief by both parties
mutual mistake
a crime that is based on misrepresentation
fraud
something that must end when a true statement is made false by subsequent events
silence
important details that influence the parties' contract decision
material facts
something that must be proved to establish fruad
injury
a statement made by a party who did not know it was untrue
innocent misrepresentation
another name for mutual mistake
bilateral mistake
a substitute for a false statement of fact
active concealment
an incorrect belief by one of the parties in a contract
unilateral mistake
a statement made by a party who knew it was untrue