vitigating factors Flashcards
(4 cards)
1
Q
what are vitiating factors
A
they make the contract void
2
Q
what is needed for this
A
Misrepresentation, a false statement made by a party that persuades another party to enter the contrat.
3
Q
elements
A
- false statement
- material fact
- made by a party to the contract
- induces other party to enter the contract
4
Q
3 types of misrepresentation
A
- innocent
- negligent
- fraudulent
