| A | B |
|---|
| genuine agreement | Agreement to enter a contract that is evidenced by words or conduct between the parties. |
| voidable | A contract that can be withdrawn from because it lacks genuine agreement. |
| rescission | Backing out of a contract by asking for the return of what you gave in the transaction and offering to give back what you have recieved. |
| ratification | Conduct suggesting that one intends to be bound by a contract. |
| duress | Using an improper threat or act to obtain an expression of agreement. |
| undue influence | When one party to a contract is in a position of trust and wrongfully dominates the other party. |
| unilateral mistake | A mistake in which one party holds an incorrect belief about the facts related to a contract. |
| mutual mistake | A mistake in which both parties have an incorrect belief about an important fact. |
| material facts | Important facts that influence the parties' decisions about a contract. |
| innocent misrepresentation | An unture statement by a party in a contract that the party does not know is untrue. |
| fraudulent misrepresentation | An unture statement by a party in a contract that the pary knows is unture. |
