BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Contracts created or modified by duress are rescindable. Unilateral mistakes of law generally leave the resultant contract valid. Misrepresentation is an element in both innocent misrepresentation and fraud.

Detailed explanation-2: -Misrepresentation is an element in both innocent misrepresentation and fraud. For misrepresentation, what things need not be proven? A false statement of fact; the fact must be material; the statement must be relied upon.

Detailed explanation-3: -Fraudulent misrepresentation is a civil action arising under contract law. It involves a misrepresentation, false statement of fact, and/or omission that causes the victim to enter into a contract and incur damages.

Detailed explanation-4: -The elements are: (1) The defendant made a false representation of a past or existing material fact susceptible of knowledge. (2) The defendant did so knowing the representation was false, or without knowing whether it was true or false.