Essentials of Business Law Chapter 9
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The intentional misstatement or nondisclosure of a material (essential) fact made by one party in an attempt to influence the actions of another party.
A general expression of opinion, typically in a sales context, that is used to persuade a prospective purchaser to buy. It does not constitute a misrepresentation of material text.
A misstatement or nondisclosure of a material fact that results in inducing another to enter into an agreement to his or her loss.
A belief that is not in accord with the facts.
The improper use of excessive pressure by the dominant member of a confidential relationship to convince the weaker party to enter a contract that greatly benefits the dominant party.
The act of applying unlawful or improper pressure or influence to a person to gain his or her agreement to a contract.
A contract drawn by one party that must be accepted as is on a take-it-or-leave-it basis.
A contract that is so one-sided that it is oppressive and gives unfair advantage to one of the parties.
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