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Flashcards in General Concepts Deck (4)
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What is Fraud in the Factum?

A misrepresentation as to the facts of the document or item itself.

1

What is Fraud in the Inducement?

A misrepresentation as to collateral facts outside of a transaction that would lead someone to take a certain action.

2

What is Horizontal Privity?

A Legal relationship or agreement between two owners of property.

3

What is Vertical Privity?

A Legal relationship between two parties when one party transfers her interest to the other.