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Regulations
First Exam
5
Accounting
Post-Graduate
09/13/2015
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Cards

Term
Duress
 Definition
Any threat or wrongful act that overcomes the free will of a party.
Term
Five types of conduct that invalidate mutual assent
 Definition

1. Duress

2. Undue Influence

3. Fraud

4. Misrepresentation

5. Mistake

 
Term
Types of duress
 Definition

1. Physical compulsion

2. Improper threats
Term
Undue influence
 Definition
taking an unfair advantage of another person by reason of a dominant position that arises from a relationship of trust and condidence.
Term
Two types of fraud
 Definition

 

1. Fraud in the inducement

2. Fraud in the execution
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