General Concepts Flashcards
0
Q
What is Fraud in the Inducement?
A
A misrepresentation as to collateral facts outside of a transaction that would lead someone to take a certain action.
1
Q
What is Fraud in the Factum?
A
A misrepresentation as to the facts of the document or item itself.
2
Q
What is Horizontal Privity?
A
A Legal relationship or agreement between two owners of property.
3
Q
What is Vertical Privity?
A
A Legal relationship between two parties when one party transfers her interest to the other.
