Ch. 11 questions

Question 1

Which one of the three is considered “Duress”?

Answer 1

when one party threatens the others’s economic interest

Question 2

Know what unilateral and bilateral mistakes are

Answer 2

unilateral- the result of an error by one party about martial fact

bilateral-when both parties in a contract have made an error

Question 3

Which two misrepresentations have the same impact?

Answer 3

Negligent and Fraudulent

Question 4

what are the 4 elements of Fraudulent misrepresentation

Answer 4

1. false statement about a past or existing fact
2. intent to deceive
3. Justifiable reliance
4. if damages are sought, the defrauded part must have been injured by the misrepresentation

Question 5

Give one example of a relationship( undue influence)

Answer 5

When bargaining with an attorney or doctor

Question 6

Name 3 mistake in Case 11-1

Answer 6

Names, numbers, or addresses