The Doctrine That Would Allow a Party to Rescind a Contract

question 86

Multiple Choice

The doctrine that would allow a party to rescind a contract because the other party used force or threats in order to form the contract is:

• A) duress.
• B) fraud in the inducement.
• C) undue influence.
• D) the parol evidence rule.
• E) fraud in the inception.

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Definitions:

Mass Customization

A production strategy that combines the efficiency of mass production with the customization typically offered by bespoke services.

Value Stream Mapping

A lean management tool for analyzing the flow of materials and information currently required to bring a product or service to a consumer.

Time Function Mapping

A visual representation technique used in process improvement to analyze the flow of information or material through a process over time.

Supply Chain

The network of organizations involved in producing, delivering, and selling goods and services, from the acquisition of raw materials to the final consumer.