Business Law Ch14 Part I

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Misrepresentation of a material fact is an element of fraud.

A statement of opinion is generally subject to a claim of fraud.

Misrepresentation of a material fact cannot occur through conduct alone.

Forcing someone to enter into a contract through fear created by threats is duress.

Reliance on a expert’s statement of opinion will normally enti¬tle a party to relief.

Reformation is a remedy in which the terms of a contract are altered to reflect the true intentions of the parties.

What is the diameter of Earth?

A contract is always enforceable even if one party is aware that the other party made a mistake of fact.