MBAL-105: Legal Aspects in Business – Unit 4
Objectives: explain the meaning of consent; describe the circumstances when consent is not free; explain the meaning of coercion and undue influence, and their effect on the validity of a contract; distinguish between misrepresentation and fraud; and describe various types of mistakes and their effect on the validity of a contract.
Materials:
The relevant material is available here.
Questions:
- Define consent. When is consent said to be free?
- What is the effect of coercion on the validity of the contract?
- Does a threat to commit suicide amount to coercion? Explain.
- When is a person deemed to be in a position to dominate the will of another?
- Define fraud and point out its defects on the validity of the contract.