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Ch 8 - Genuine Agreement - Lesson 8-1 GAMES

AB
RescindTo back out of a transaction
Undue InfluenceUsing a position of trust to dominate another party
Genuine AgreementAn agreement where NO threat is made
RatificationConduct suggesting the intent be bound by a contract
Unfair persuasionA key element in Undue Influence
DuressA threat to engage in illegal conduct to win agreement
VoidableThe state of a contract in the absence of a genuine agreement
Mutual AssentAnother name for a genuine agreement
CrimeSomething you have a duty to report
Threats and AlternativesThings that courts consider in economic duress cases


Business Education Teacher
Monroe Township High School
Monroe , NJ

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