Business Law – 5/01/09

Bellwork: P. 129 What’s Your Verdict? Q&A

Objectives:

• Identify mistakes which make a contract void or voidable
• List the criteria related to misrepresentation
• Define fraud and describe its remedies

Classwork:

• 7-2 Terms & Questions
• Create 10 Multiple Choice Questions

Chapter 6 Test Online –Wednesday – Friday

1. unilateral mistake
2. mutual mistake
3. material facts
4. fraudulent misrepresentation
5. fraud
6. Describe three ways a party may make a unilateral mistake. Do these make a contract voidable?
7. What is the difference between an innocent misrepresentation and a fraudulent misrepresentation?
8. If there is intentional misrepresentation, but no injury, is there fraud? Can the contract be rescinded? Should it be rescinded?
9.  What kinds of mistakes can make a contract void or voidable?
10. Describe the conditions for misrepresentation to occur.
11. Describe the conditions for fraud to occur.

Business Law W2009