Vitiating Factors

Question 1

Vitiating factors

Answer 1

Any factor or thing that undermines the contract

Question 2

Misrepresentation

Answer 2

A false statement of material fact made by a party to the contract which induces the other to enter into the contract

Question 3

Recission

Answer 3

Contract ends and both parties are put back into their pre - contract position

Question 4

Repudiation

Answer 4

Putting the parties back into a position before the breach occurs

Question 5

Economic duress

Answer 5

Coercing a party into a contract by threatening the financial status of the party or where one party is in a stronger bargaining position than the other