A Peak Is

question 69

Multiple Choice

A peak is

• A) a transition from an expansion in the business cycle to the start of a contraction.
• B) a transition from a contraction in the business cycle to the start of an expansion.
• C) a depression that lasts more than three years.
• D) only a feature of geography and not an investment term.
• E) None of the options are correct.

---

Definitions:

Consideration

Something of value given by all parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Fraudulent Misrepresentation

False statements made intentionally to deceive, typically leading to harm or loss, and which may be grounds for legal action.

Rescinded

To revoke, cancel, or repeal a law, order, or agreement.

Non Est Factum

A defence that may allow illiterate or infirm persons to avoid liability on a written agreement if they can establish that they were not aware of the true nature of the document, and were not careless in its execution.