Outline Three Situations Where a Court Might Set Aside a Contract

question 53

Essay

Outline three situations where a court might set aside a contract because of unfairness during bargaining.What are the requirements to prove each, and who has the onus to prove what in court?

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Definitions:

Dispose

The act of selling, transferring, or getting rid of an asset or property.

Property

Assets or rights owned by individuals or entities, which can be tangible or intangible, and are subject to ownership claims.

Lifetime

The period during which something is functional, active, or intended to last.

Fixture

An item of personal property that has been attached to or closely associated with real property in such a way that it becomes legally part of the real property.