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Definition
| ability to understand that a contract is being made and to understand its general meaning |
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| may exist because of a mental condition caused by medication, drugs, alcohol, illness, or age, a person does not understand that a contract is being made or understand its general nature |
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| original positions of the parties |
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Definition
| things indispensable or absolutely necessary for the sustenance of human life |
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Definition
| a mistake by only one of the parties as to a fact does not affect the contract when the mistake is unknown to the other contracting party |
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Definition
| remedy by which a written contract is corrected when it fails to express the actual intent of both parties because of fraud, accident, or mistake |
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Term
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Definition
| making of a false statement of a past or existing fact, with knowledge of its falsity or reckless indifference as to its truth, with the intent to cause another to rely thereon, and such person does rely thereon and is harmed hereby |
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Term
| confidential relationship |
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Definition
| relationship in which, because of the legal status of the parties or their respective physical or mental conditions or knowledge, one party places full confidence and trust in the other. |
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| influence that is asserted upon another person by one who dominates that person |
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Definition
| threat of physical harm to person or property |
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Definition
| conduct that deprives the victim of free will and that generally gives the victim the right to set aside any transaction entered into under such circumstances |
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