Friday, April 14, 2006

Defenses To Formation

Mistake
        Mutual
                Basic Assumption
                Material Adverse Effect
                No Assumption of Risk
        Unilateral
                Generally NOT a Valid Defense
        Transmission/Scribner/Delivery
                Operative UNLESS other party should have been aware of the mistake
Lack of Consideration
Illegality
Lack of Capacity
        < 18 years of age
        Insane
        Intoxicated
        Duress/Coercion
SOF
        MYLEGS
Unconscionability
        At the time of formation

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