Use the Fact Situation in Q30 to Answer the Related

question 60

Multiple Choice

Use the fact situation in Q30 to answer the related question that follows. Assume that before Mary signs the guarantee,she sees a lawyer for independent legal advice.Assume also that just before she signs the guarantee,the lawyer asks her if she is signing the guarantee freely and without threat of harm,duress,or undue influence and that Mary replies,"Yes,I am signing it freely and without threat of harm,duress,or undue influence." In these circumstances,if Mary changes her mind and does not want to be bound by the guarantee,

• A)she will succeed because the bank cannot rely on the independent legal advice she received.
• B)she will succeed because the guarantee is void for duress.
• C)she will not succeed because of the doctrine of caveat emptor.
• D)she will succeed because the guarantee is voidable for duress.
• E)she will not succeed because the bank can rely on the independent legal advice she received.

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Definitions:

Work Release

A program that allows prisoners to work in the general community during the day while continuing to serve their sentence.

Descriptive Statistics

Statistical methods that summarize and organize data in an informative way, without drawing conclusions beyond the data itself.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.

Statistical Process Control

A method used in manufacturing and business processes to control quality by monitoring and controlling the process through statistical analysis.