Chapter 3 Key facts checklists
Contract II: mistake, misrepresentation, duress, and undue influence
● The law imposes restrictions on certain persons (such as minors) when forming a contract.
● A fundamental mistake can make a contract void.
● There is no definite definition of a term, but the courts have identified various tests to differentiate a term from a representation.
● A contract formed on the basis of misrepresentation will make the contract voidable, but the innocent party must act promptly if they wish to repudiate.
● Duress and undue influence affect the validity of a contract.