Which of the Following Statements Is True Regarding Duress

question 11

Multiple Choice

Which of the following statements is true regarding duress?

• A) Threats of blackmail or extortion constitute duress.
• B) The threatened party must prove that she had no reasonable alternative but to enter into the contract.
• C) A threat to not drop a frivolous civil lawsuit constitutes duress.
• D) A and B only are true.
• E) A,B,and C are all true.

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Definitions:

Consumer Credit

Types of personal loans extended to consumers for purchasing goods and services, including credit cards and installment loans.

Courtesy Credit

A small amount of credit provided by a financial institution as a gesture of goodwill, often to rectify a minor bank error or accommodate customer inconvenience without formal claims.

Overpricing

Setting the price of a product or service higher than its perceived market value or cost justification, potentially leading to reduced sales or customer dissatisfaction.

Target-Return Pricing

A pricing strategy where the price is set to achieve a specified return on investment or cost.