Mbe Contract Law > Defenses To Formation & Enforceability >defenses To Formation & Enforceability

MBE Contract Law > Defenses to Formation & Enforceability >Defenses to Formation & Enforceability Flashcards updated questions and accurate answers Learn about the 10 defenses to contract formation & enforceability: (1) Incapacity (2) Misrepresentation (3) Duress (4) Undue Influence (5) Unconscionability (6) Illegality (7) Statute of Frauds (8) Misunderstanding (9) Mistake (10) Public policy Q1 void contract A Entire contract is void and non-existent 2 Q voidable contract A Valid contract unless one party seeks to void it 3Q unenforceable contract A A valid contract that cannot be enforced if one party halts performance 4 Q What are the 10 defenses to contract formation and enforceability? A 1. Duress 2. Incapacity 3. Illegality 4. Misrepresentation 5. Mistake 6. Misunderstanding 7. Public Policy 8. Unconscionability 9. Undue Influence10. Statute of Frauds 5 Q What are 3 types of incapacity? A 1. Minor/infant; 2. Mental incompetence; or 3. Intoxication 6 Q Who can void a contract with a minor? A Minor only: the other party cannot void the contract and the minor can enforce it against the other party If, however, the minor lied about his age, the other party can seek to void it on grounds of fraud 7 QCan a