Mark Is Mentally Incompetent and Delights in Signing Documents

question 30

Multiple Choice

Mark is mentally incompetent and delights in signing documents.Henry persuades Mark to sign numerous promissory notes which he negotiates.Must Mark pay these notes if they have been held by holders in due course?

• A)Mark must pay these notes since duress is not involved.
• B)Mark does not have to pay these notes since he has a real defense.
• C)Mark must pay these notes since there is a fraud in the inducement.
• D)Mark may not pay these notes since no one could anticipate this happening.

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Definitions:

Sales-oriented Era

The sales-oriented era refers to a period in marketing history where the primary focus was on selling products through aggressive sales techniques, without much emphasis on customer needs or product quality.

Market-oriented Era

A period in business thought where the primary focus is on understanding and meeting the needs and wants of consumers through market research and product adaptation.

Value-based Marketing

A marketing strategy focused on providing and communicating the unique value of a product or service to the customer.

Retailing-oriented Era

A period in business history characterized by the focus on selling and distribution efficiency, where retailers played a central role in the supply chain.