| A | B |
|---|
| fraud | A deliberate deception intended to secure an unfair or unlawful gain. |
| rescind | A person who has been induced to enter into a contract by fraud may cancel the contract. |
| material fact | A fact that is important to one of the parties in presenting a case of fraud. |
| concealment | Occurs when an individual makes a false representation by choosing not to reveal important information. |
| misrepresentation | Occurs when a person makes an innocent statement that later turns out to be false. |
| unilateral mistake | An error on the part of one of the parties to the contract. |
| bilateral mistake | Occurs when both parties to a contract are mistaken about some important fact. |
| duress | Overcoming a person's will by the use of force, or by threat of force or bodily harm. |
| economic duress | Consists of threats to a person's business or income that cause him or her to enter a contract without real consent. |
| undue influence | Occurs when a person uses unfair and improper persuasive pressure to force another person to enter into an agreement. |
| concealment | Is passive fraud. |
| Contract is void when | actual physical force is used to cause another to enter a contract. |
| physical duress | Actual physical violence is used to force a person to enter a contract. |
| emotional duress | Threat of physical force is used to force a person to enter a contract. |
