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In the previous problem, assume that . The solution for is
Consideration
Something of value given by all parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Fraudulent Misrepresentation
False statements made intentionally to deceive, typically leading to harm or loss, and which may be grounds for legal action.
Rescinded
To revoke, cancel, or repeal a law, order, or agreement.
Non Est Factum
A defence that may allow illiterate or infirm persons to avoid liability on a written agreement if they can establish that they were not aware of the true nature of the document, and were not careless in its execution.
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