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Juan Entered into a Contract with Makayla, Under Which He

question 53

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Juan entered into a contract with Makayla, under which he promised to add a solarium on to her house for $25 000. After starting the project, he threatened to abandon the job unless she agreed to pay him an additional $5000. Makayla wants to sue Juan for the tort of intimidation. Which of the following statements is TRUE?


Definitions:

Gains

The increase in value of an asset or investment, measured as the difference between the sale price and the purchase price.

April Futures Price

The April Futures Price refers to the agreed-upon price set in a futures contract for the delivery of a specific commodity, financial instrument, or currency in April.

S&P 500 Index

An index of the American stock market reflecting the value of 500 large-cap companies with shares available on either the NYSE or NASDAQ.

Open Interest

The total number of outstanding derivative contracts, such as options or futures, that have not been settled.

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