Substantive Law Study Support

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.

 

 

MISREPRESENTATION

Mistakes of a material fact relied upon by the other party to his or her detriment; no intent to defraud.

 

 

UNILATERAL MISTAKE

Misconception of the subject matter of a contract by only one party to the contract; may be enforceable.