The Doctrine That Would Allow a Party to Rescind a Contract

question 14

Multiple Choice

The doctrine that would allow a party to rescind a contract because the other party abused a fiduciary relationship in forming 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:

Uncontrollable Factors

External elements or conditions that cannot be directly managed or influenced by an organization, often affecting strategic planning and performance.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Supply

The total amount of a specific good or service that is available to consumers at a given price point and time.

Complements

Goods or services that are used together, where the use or value of one increases the use or value of the other.