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Which of the following elements does not affect the free consent of the parties
- a)coercion
- b)fraud
- c)incompetency
- d)undue influence
Correct answer is option 'C'. Can you explain this answer?
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Which of the following elements does not affect the free consent of th...
Elements that affect the free consent of the parties:
- Coercion: When one party is forced to enter into a contract under the threat of physical harm or other illegal actions.
- Fraud: When one party intentionally misrepresents facts or conceals information to deceive the other party and induce them to enter into a contract.
- Incompetency: When one party lacks the legal capacity to understand the terms and consequences of a contract, such as minors or individuals with mental disabilities.
- Undue Influence: When one party takes advantage of a position of power or trust to manipulate or control the decision-making of the other party.
Element that does not affect the free consent of the parties:
- Incompetency: This element does not affect the free consent of the parties because if a person lacks the legal capacity to understand the terms and consequences of a contract, their consent is not considered free. It is important to ensure that both parties have the ability to understand and consent to the terms of the contract for it to be legally binding.
- Coercion: When one party is forced to enter into a contract under the threat of physical harm or other illegal actions.
- Fraud: When one party intentionally misrepresents facts or conceals information to deceive the other party and induce them to enter into a contract.
- Incompetency: When one party lacks the legal capacity to understand the terms and consequences of a contract, such as minors or individuals with mental disabilities.
- Undue Influence: When one party takes advantage of a position of power or trust to manipulate or control the decision-making of the other party.
Element that does not affect the free consent of the parties:
- Incompetency: This element does not affect the free consent of the parties because if a person lacks the legal capacity to understand the terms and consequences of a contract, their consent is not considered free. It is important to ensure that both parties have the ability to understand and consent to the terms of the contract for it to be legally binding.
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Which of the following elements does not affect the free consent of the partiesa)coercionb)fraudc)incompetencyd)undue influenceCorrect answer is option 'C'. Can you explain this answer?
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