Bus201 u4 - Study guides, Class notes & Summaries

BUS201 U4 Questions with complete solution 2024 Which of the following best describes the concept of "incapacity" as a vitiating factor? - correct answer The law views certain persons such as a young child and people who are intoxicated to lack the capacity to enter into a contract. There are four types of mistakes that can vitiate a contract. Which of the following is one such mistake? - correct answer Unilateral mistake. "A contract entered into as a result of duress is unenforceable...

BUS201 U4 fully solved 2023Which of the following best describes the concept of "incapacity" as a vitiating factor? The law views certain persons such as a young child and people who are intoxicated to lack the capacity to enter into a contract. There are four types of mistakes that can vitiate a contract. Which of the following is one such mistake? Unilateral mistake. "A contract entered into as a result of duress is unenforceable. Which of the following may constitute duress...