Where One Party Takes Advantage of a Confidential Relationship When

question 51

Multiple Choice

Where one party takes advantage of a confidential relationship when entering into a contract,the remedy would be based on:

• A) duress
• B) unconscionability
• C) undue influence
• D) unilateral mistake
• E) fraud in the execution

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Definitions:

Theorem

A statement that has been proven on the basis of previously established statements, such as other theorems, and generally accepted principles, like axioms.

Directional Test

Another term for a one-tailed test, emphasizing the test's focus on detecting an effect in a specific direction, either positive or negative.

One-Tailed Test

A hypothesis test in which the region of rejection is on only one side of the sampling distribution, used when the alternative hypothesis specifies the direction of the effect.

Two-Tailed Test

A statistical test used to determine if there is a significant difference in two directions, either greater than or less than a specified range or value.