T_R_Oglodyte
TUG Lifetime Member
I presume that you are aware that fraud in the inducement is not a legal defense?
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Giving out notes to people at a tour
- Thread starter justav
- Start date
I presume that you are aware that fraud in the inducement is not a legal defense?
Presuming awareness is a slippery slope.
e.bram
Guest
Steve:
"Fraud in the inducement is an equitable defense, and occurs when A signs a contract, knowing that it is a contract and (at least having a rough idea) what the contract is about, but the reason A signed the contract was because of some false information that B gave to A. For example, if John tells his mother to sign a deed giving him her property, Mom refuses at first, then John explains that the deed will be kept in a safe deposit box until she dies. If Mom signs the deed because of this statement from John, and John tries to enforce the deed prior to Mom's death, Mom can plead "fraud in the inducement."
From Wikipedia.
"Fraud in the inducement is an equitable defense, and occurs when A signs a contract, knowing that it is a contract and (at least having a rough idea) what the contract is about, but the reason A signed the contract was because of some false information that B gave to A. For example, if John tells his mother to sign a deed giving him her property, Mom refuses at first, then John explains that the deed will be kept in a safe deposit box until she dies. If Mom signs the deed because of this statement from John, and John tries to enforce the deed prior to Mom's death, Mom can plead "fraud in the inducement."
From Wikipedia.
T_R_Oglodyte
TUG Lifetime Member
e.bram
Thank you for providing a quote supporting my statement. I wasn't expecting that from you. As I noted, fraud in the inducement is not a legal defense.
Last edited:
e.bram
Guest
Today equitable and legal defenses are are essentially the same. In fact most states don't even have a court of equity. .
d2r4s
newbie
Why do timeshares need buyers with money.
Its simple, if they didn't then we couldn't have the opportunity to buy them so cheap. Keep in mind that while It would be nice to buy all time shares for a song, companies wouldn't build them, keep them and the industry would not be what it is.
The real issue is that the companies refuse to create or assit in maintaining a resale market, which would be good for all owners who purchased with original pricing.
Its simple, if they didn't then we couldn't have the opportunity to buy them so cheap. Keep in mind that while It would be nice to buy all time shares for a song, companies wouldn't build them, keep them and the industry would not be what it is.
The real issue is that the companies refuse to create or assit in maintaining a resale market, which would be good for all owners who purchased with original pricing.