A Party Who Has Been a Victim of Fraud in the Inducement

question 64

Multiple Choice

A party who has been a victim of fraud in the inducement can:

• A) rescind the contract only
• B) collect damages only
• C) rescind the contract or collect damages
• D) force the other party to live up to the agreement,but not rescind the contract or collect damages

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Definitions:

General Adaptation Syndrome

A three-stage response (alarm, resistance, exhaustion) that the body goes through when exposed to prolonged stress, as proposed by Hans Selye.

Panicked

A sudden, overwhelming feeling of fear or anxiety that often results in hasty or irrational behavior.

Alarm Reaction

A phase in the general adaptation syndrome where the body initially responds to a stressor with changes that temporarily lower resistance.

Type A

Type A refers to a personality pattern characterized by high levels of competitiveness, self-driven urgency, and a constant sense of time pressure.