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With Microfinance, the Mechanism of ________ Is a Way to Avoid

question 68

Multiple Choice

With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.


Definitions:

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.

Bargained-For Exchange

A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.

Genuine Assent

The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.

Undue Influence

An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.

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