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;

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2
Q

the subject of a contract is illegal.

A

Ilegality of the subject matter

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3
Q

Fraud in the inducement:

A

When 1 party is intentionally misled about the terms of the contractual relationship;

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4
Q

When 1 party induces another into entering a contract using violence or economic pressure

A

Duress

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5
Q

When 1 party does not have the ability to enter into a legal contract.

A

Lack of legal capacity

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