Ryan Thompson,a Lawyer,was Approached by a Client Who Wished to Sell

question 9

Essay

Ryan Thompson,a lawyer,was approached by a client who wished to sell him shares in a business he owned.Ryan accepted the offer by purchasing the shares.The business is a tremendous success.Later the client claims that he sold the shares to Ryan because of Ryan's undue influence over him.What must the client prove in order to be successful in his action?

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Definitions:

Fiscal Policy

Government policies regarding taxation and spending that are employed to influence economic conditions, including stimulating or restraining economic growth.

Multiplier

An economic factor that quantifies the additional effect on income or output resulting from an injection of spending.

Deflationary Gap

A situation in economics where actual production is lower than the potential output level, often resulting in unemployment and unused productive capacity.

Equilibrium GDP

The level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.