Contract Law
Chapter 6 Important Terms
FRAUD |
A misrepresentation of a material fact made with the intent to deceive, relied upon by the other party to his or her detriment.
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MISREPRESENTATION |
Mistakes of a material fact relied upon by the other party to his or her detriment; no intent to defraud.
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UNILATERAL MISTAKE |
Misconception of the subject matter of a contract by only one party to the contract; may be enforceable. |