Examlex
A perfect price discriminator receives a price equal to marginal revenue for each unit.
Undue Influence
An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.
Misrepresentation
A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.
Rejection
The refusal to accept an offer or proposal, in the context of contracts, it is the refusal to agree to the terms.
Valid
A term applied to a contract that includes all four elements of a contract: agreement (offer and acceptance), consideration, contractual capacity, and legal object.
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