Defenses To Contracts Flashcards

1
Q

If someone was minor or _ at time entered into contract, may be used as defense to validity of contract

A

Mentally incompetent

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2
Q

Being minor or mentally incompetent defense is called _ to contract

A

Lack of capacity

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3
Q

If there was mutual mistake in contract, it could void a contract because there has been no meeting of minds, theee fore _

A

No agreement

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4
Q

Example of no meeting of minds two of the same cars in same spot and _

A

Buyer agrees to buy the wrong one

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5
Q

Example of no meeting of minds two of the same cars in same spot and _

A

Buyer agrees to buy the wrong one

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6
Q

It is not unheard of that in course of defending contract claim, defendant may claim that _

A

They were induced to enter into contract due to fraud

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7
Q

Fraud can be loosely defined as

A

Misrepresentation of a material fact

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8
Q

A misinterpretation that may constitute fraud you ask seller _ and they tell you no even though they have

A

If they have had a wet basement

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9
Q

If seller lied about basement after you bought the house, you may _

A

Sue the seller for the fraud

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10
Q

Other contract claims can come in form of (d, u)

A

Duress

Undue influences

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11
Q

Other conceivable defenses to contract claim could come in the form of (i, f)

A

Impossibility

Frustration

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12
Q

Duress may come in forms that can be

A

More subtle

(No gun to head to sign contract)

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13
Q

Undue influence is when person has great deal of control over other party and _

A

Utilizes control to make person enter contract

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14
Q

Undue influence example. Someone has power of attorney for elderly and has them sign contract to _

A

Sell house 100k under market value

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15
Q

Impossibility is when it becomes impossible to _ due to something that is unforeseen by parties

A

Perform a contract

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16
Q

Example of impossibility, destruction of World Trade Center made _ impossible

A

Performance of leases for that building

17
Q

Frustration of purpose is when you

A

Can no longer do something because something not going to happen

18
Q

Example of frustration of purpose, event cancelled so _ contract may be voided

A

If you were supplier that agreed to provide grandstands for event,

19
Q

Most contracts can and should be _ (2)

A

Brief

Straightforward