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What constitutes genuine agreement? Why is genuine agreement from both parties in a contract essential? Objective: SWBAT determine what makes a genuine.

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Presentation on theme: "What constitutes genuine agreement? Why is genuine agreement from both parties in a contract essential? Objective: SWBAT determine what makes a genuine."— Presentation transcript:

1 What constitutes genuine agreement? Why is genuine agreement from both parties in a contract essential? Objective: SWBAT determine what makes a genuine agreement in a contract

2  Genuine agreement is also known as a “meeting of the minds”  Without genuine agreement from both sides, the agreement cannot meet the requirements of being a contract, and is thus not enforceable

3 Do Now What is fraud? How does criminal law deal with fraud? How does contract law deal with fraud? Explain.

4 Name the two types of mistakes that can be made during the formation of a contract. Describe the difference between the two, and give an example illustrating each situation. Objective: SWBAT discern between unilateral and bilateral mistakes, and the different effect they have on contracts

5 Define fraud, and describe how one can be successful in a lawsuit involving this matter. Be specific with your answer. Objective: SWBAT identify and explain how fraud creates defective agreements between parties

6 What is the difference between fraud, duress and undue influence? Which one do you think is the most deceptive, and why? Objective: SWBAT identify and explain the various situations that may render an agreement defective


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