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Personal Finance and Business Law > Chapter 6 Test > Flashcards

Chapter 6 Test Flashcards

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1
Q

Ending a Contract

A

Discharge by Performance
Discharge by Agreement
Involuntary Discharge
-Impossibility of Performance
-Operation of Law

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2
Q

Defective Agreements

A

Fraud
Innocent Misrepresentation
Mistake
Duress
Undue Influence

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3
Q

Elements of Fraud

A

False Representation of Fact
Knowledge of the Lie
Lie intended to be Relied Upon
Lie Actually Relied Upon
Resulting Loss

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4
Q

Remedies and Damages

A

Money and/or Punitive
Equitable Remedies
-specific performance
-injunction- to not stop

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Personal Finance and Business Law (3 decks)

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