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What constitutes genuine agreement?
Why is genuine agreement from both parties in a contract essential?
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Objective: SWBAT determine what makes a genuine agreement in a contract
Genuine agreement is also known as a “meeting of the minds”
Without genuine agreement from both sides, the agreement cannot meet the requirements of being a contract, and is thus not enforceable
Objective: SWBAT determine what makes a genuine agreement in a contract
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What is fraud?
How does criminal law deal with fraud?
How does contract law deal with fraud? Explain.
Objective: SWBAT identify the elements of fraud in a contract
Name the two types of mistakes that can be made during the formation of a contract.
Describe the difference between the two, and give an example illustrating each situation.
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Objective: SWBAT discern between unilateral and bilateral mistakes, and the different effect they have on contracts
Define fraud, and describe how one can be successful in a lawsuit involving this matter.
Be specific with your answer.
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Objective: SWBAT identify and explain how fraud creates defective agreements between parties
What is the difference between fraud, duress and undue influence?
Which one do you think is the most deceptive, and why?
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Objective: SWBAT identify and explain the various situations that may render an agreement defective