BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The absence of genuine assent will make a contract voidable. Unilateral mistakes create the right to rescind or void the contract. Committing an act of violence to obtain a signature on a written contract is duress. In some states, the contract is still valid if the mutual mistake is about the applicable law.

Detailed explanation-2: -➢ genuine agreement (genuine assent or mutual assent)→exists when consent is not clouded by fraud, misrepresentation, duress, undue influence, or mistake. ➢ If genuine agreement is missing, the victim may cancel or disaffirm the contract because the contract is voidable.

Detailed explanation-3: -Explanation–A fraud or misrepresentation which did not cause the consent to a contract of the party on whom the fraud was practised, or to whom the misrepresentation was made, does not render a contract voidable.

Detailed explanation-4: -Circumstances Rendering a Contract Voidable A contract may be rendered voidable if: Any party was under duress, undue influence, or was being intimidated, coerced, or threatened when entering into the agreement; Any party was mentally incompetent (i.e., mentally ill, below the age of majority, etc.)