contracts
fraud in the inducement
Fraud in the inducement occurs when a person tricks another person into signing an agreement to one’s disadvantage by using fraudulent statements and representations. Because fraud negates the “meeting of the minds” required of a contract, the injured party can seek damages or terminate the contract.
fraudulent concealment
fraudulent conveyance
A fraudulent conveyance is the transfer (conveyance) of title to real property for the express purpose of putting it beyond the reach of a known creditor. In such a case, the creditor may bring a lawsuit to void the transfer.
fraudulent misrepresentation
Fraudulent Transfer Act
Fraudulent transfer act refers to laws enacted by states that establish the rights of creditors against debtors where it appears the debtor fraudulently transferred property to avoid paying creditors.
freedom of contract
Freedom of contract is the ability of parties to bargain and create the terms of their agreement as they desire without outside interference from the government. It is the opposite of government regulation.
freeze-out
A freeze-out is one way for majority or controlling shareholders in closely held corporations to abuse and oppress minority shareholders.
friendly suit
Friendly suit, also known as a collusive suit or action, is a lawsuit brought by two parties, not as adversaries, but by agreement in order to resolve a legal question that affects them both. For example, two companies might bring a friendly suit to court in order to clarify the legal interpretation of a contract between them.
frustration of purpose
Frustration of purpose, also called commercial frustration, is an excuse for nonperformance of a contract when an unforeseeable event destroys the agreement’s principal purpose.