Instructions: Identify the Following Terms

question 9

Short Answer

Instructions: Identify the following terms.
"shanghaied"

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Definitions:

Unilateral Mistake

A situation in contract law where only one party is mistaken about a basic assumption on which the contract is based.

Subjective Value

The worth or importance of something based on personal preferences, opinions, or experiences, rather than its objective market value.

Fraudulent Misrepresentation

Occurs when one party deceives another by intentionally providing false information, leading to an agreement or transaction based on that misinformation.

False Statement

An untrue assertion made about something, often with the intent to deceive.