Invalidity of a contrat Flashcards
1
Q
A contract is invalidid because:
A
Ilegality of the subject matter;
Fraud in the inducement;
Duress;
Lack of legal capacity;
2
Q
the subject of a contract is illegal.
A
Ilegality of the subject matter
3
Q
Fraud in the inducement:
A
When 1 party is intentionally misled about the terms of the contractual relationship;
4
Q
When 1 party induces another into entering a contract using violence or economic pressure
A
Duress
5
Q
When 1 party does not have the ability to enter into a legal contract.
A
Lack of legal capacity