Cause or consideration is an essential element of a contract. There is no causal fraud if both parties are in pari delicto. Only Statement 'A' is true. Only Statement 'B' is true.... Cause or consideration is an essential element of a contract. There is no causal fraud if both parties are in pari delicto. Only Statement 'A' is true. Only Statement 'B' is true. Neither is true. Both statements are true.
Understand the Problem
The question presents two statements regarding contracts and causal fraud and asks the respondent to identify which of the statements is true or false. This involves understanding legal principles related to contracts and fraud.
Answer
Both statements are true.
Both statements are true.
Answer for screen readers
Both statements are true.
More Information
The first statement about cause or consideration being essential in contracts is a fundamental legal principle. The in pari delicto doctrine refers to situations where both parties are equally at fault, and thus, no party can claim fraud against the other.
Tips
A common mistake is not understanding the concept of mutual fault in in pari delicto, which can limit legal remedies.
Sources
- [DOC] BLTC 11e IM-Ch14 - nacm.org
- [PDF] in the united states district court for the district of delaware - ded.uscourts.gov
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