Exam 11: Conduct Invalidating Assent

Hal holds a gun to Irving's head and tells him to sign the contract.Irving signs the contract,because he fears for his personal safety.The contract is void,because it was entered into under duress.

Which of the following is correct with regard to duress?

Which of the following can meet the scienter requirement to establish fraud in the inducement?

A voidable contract results when the contract arises from:

An arm's length transaction is one in which:

A voluntary choice of perfectly legitimate alternatives may in some instances constitute economic duress.

Contracts induced by threats of __________ are voidable,regardless of whether the coerced party has committed an unlawful act.

Which of the following,if any,are requisites for fraud in the inducement?

James threatens to hit Kenneth in the head with a baseball bat unless Kenneth signs a contract agreeing to pay James $400 for his saw.Because of the threat,Kenneth signs the contract.

Albert found a stone in his yard and took it to Bob,a jeweler,for evaluation.Bob wasn't sure as to the nature of the stone,but told Albert he thought it was a topaz.Bob then offered to buy the stone for $25 and Albert agreed.Later Albert found out the stone was an uncut diamond worth about $700.The sales contract:

Identify two situations in which silence or nondisclosure constitutes a misrepresentation.

The remedies of damages and rescission are available for:

The law would most likely impose a duty of disclosure in a transaction between:

A basic element of fraud is a false representation or a misrepresentation.

Fraud in the inducement will render an agreement void.

Stewart entered into a contract with Will to have Will build a 10-unit apartment complex on Elm Street in Randolph County.Unknown to both parties,this land had recently been rezoned and only single-unit dwellings can be constructed.In this case:

Al owns a farm that he believes is worth $150,000.Betty knows that there is oil under the farm and offers Al $160,000 for it.Al accepts and sells the farm to Betty.Al later realizes that the land was worth more than $160,000.Al can have the contract avoided based upon fraud.

A contract induced by threatening to bring a civil suit against an individual is prohibited:

Ben and Kate had been negotiating Ben's employment contract in conversations over the phone for a couple of weeks.Finally,they agreed on some contract terms.Kate offered to create a draft of the contract for Ben to read over.On the same day Ben was fired from his job.Afraid he would be unemployed,Ben signed Kate's draft without reading it.In this example Ben: