1. Question :
A mistake as
to the terms of the contract does not affect the validity of a written
contract.
True
False
Question 2. Question :
In order to
establish fraud to invalidate a contract:
A false statement could be made recklessly rather
than intentionally.
One party must make a false statement.
The person making the false statement need not
intend to induce the innocent party to act.
A party must actually do something or take
steps to cause a fraud.
Question 3. Question :
When there is
a unilateral mistake the mistaken party never can obtain legal relief.
True
False
Question 4. Question :
A mutual
mistake as to value, quality, or price:
Invalidates only executory contracts.
Does not affect the validity of a contract.
Is not a risk assumed by the parties to a
contract.
Invalidates all contracts.
Question 5. Question :
In order to
establish that a contract was executed as a result of undue influence:
Threats to harm a person must be proven.
Threats to harm a person or property must be
proven.
Force must have been used.
One party must have been helpless in the hands
of the other.
Question 6. Question :
A false
statement of a material fact.
Active fraud
Fraud in the Execution
Fraud in the Inducement
Misrepresentation
Passive fraud
Undue Influence
