Faro, Joed A.

BUSLAWS
11706114

Assignment

1. Give and define 5 vices of consent

A. Mistake – substantial mistake and not merely an accidental mistake; must refer to the
i. substance of the thing which is the subject of the contract; or
ii. to those conditions which have principally moved one or both parties to enter
the contract.

B. Intimidation – An internal moral force operating in the will and inducing performance of
an act.

C. Violence – An external, serious or irresistible physical force exerted upon a person to

prevent him from doing something or to compel him to do an act.

D. Undue influence – Any means employed upon a party which, under the circumstances
could not be resisted and has the effect of controlling his volition and inducing him to
give his consent to the contract, which otherwise, he would not have entered into.

E. Fraud – Use of insidious words or machinations in inducing another party to enter the
contract, which without them, he would not have agreed.