People Seeking to Avoid a Contract Owing to Mental Capacity,duress,undue

question 37

True/False

People seeking to avoid a contract owing to mental capacity,duress,undue influence,or unconscionability must do so promptly.

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Definitions:

Rescinds

The act of revoking, canceling, or annulling a contract or agreement.

Consideration

An item of value traded between entities within an agreement to make the contract enforceable by law.

Adhesion

A contract or agreement created by one party with significant power over the other, often leading to a lack of negotiation for the weaker party.

Negotiate Terms

The process of discussing and agreeing on the specific conditions or clauses of a contract or agreement.