Asked by
Beauty Katera
on Nov 29, 2024Verified
Al owns a farm that he believes is worth $150,000. Betty knows that there is oil under the farm and offers Al $160,000 for it. Al accepts and sells the farm to Betty. Al later realizes that the land was worth more than $160,000. Al can have the contract avoided based upon fraud.
Fraud
Intentional deception made for personal gain or to damage another individual.
- Explain the differentiation between fraud, duress, and undue influence in the sphere of contract agreements.
Verified Answer
MR
Learning Objectives
- Explain the differentiation between fraud, duress, and undue influence in the sphere of contract agreements.