Which of the Following Contracts Is Least Likely to Be

question 43

Multiple Choice

Which of the following contracts is least likely to be void or voidable due to lack of consent?

• A)JJ is Tom's mentor at work.JJ uses his influence over Tom to get him to enter into a contract.
• B)Dean threatens to dismiss his employee Matt if Matt does not enter into a contract with Dean.
• C)Cameron convinces Kris to sign a contract after six hours of exhausting negotiations.
• D)Kristian and Duane enter into a contract for the sale of a television set at a time when Duane is obviously intoxicated.

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Definitions:

Artificially High Amounts

Figures or values that have been inflated through accounting practices or activities that do not reflect the true economic value or performance.

Consolidated Financial Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the total revenue generated from sales.

Voting Stock

Shares that give the shareholder the right to vote on company matters, such as electing directors or approving corporate policies.