Misrepresentation and Nondisclosure Contracts Defenses amp Excuses

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This lesson continues our coverage of the contract defenses and excuses with a look at misrepresentation and nondisclosure. Two defenses intended to protect individuals who were induced to assent to a contract by being misled as to the actual facts surrounding the transaction. • Chapters • 00:00 - Introduction • 00:24 - (1) Misrepresentation • 10:32 - (a) Element One: Statement of fact before the contract • 23:02 - (b) Element Two: By one of the contract parties or her agent • 24:20 - (c) Element Three: That is false • 27:37 - (d) Element Four: Whether fraudulent or material • 34:42 - (e) Element Five: That induces the other party to assent • 37:12 - (f) Element Six: Assenting party's reliance was reasonable • 41:00 - (2) Nondisclosure • 42:06 - (a) Exceptions explained • 51:50 - (b) Example of general rule • 53:34 - (c) Example of exceptions • 56:06 - Recap and Conclusion

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