Duress Is a Situation in Which One Party Threatens to Do

question 59

True/False

Duress is a situation in which one party threatens to do a wrongful act unless the other party enters into a contract.

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Definitions:

Positive Profits

A situation where a business or individual earns more money than expended, indicating financial success and sustainability.

Long Run

The long run is a period in economics sufficient for all markets to reach equilibrium, where all inputs can be considered variable, and companies can adjust all costs.

Pollution Free

An attribute of products, services, or practices that do not release harmful contaminants into the environment.

Clean Town

An initiative or effort to maintain a town or city in an environmentally friendly and litter-free condition.