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The following questions refer to the excerpt below.
"In the middle of the fifteenth century,Europe,Africa,and the Americas came together,creating-among other things-a new economy.At the center of that economy was the plantation,an enterprise dedicated to the production of exotic commodities-the most prominent being sugar-for a distant market.The sugar plantation,which first developed in the Mediterranean,was an enormously complex unit of production requiring the mobilization of vast amounts of capital,the development of new technologies (agricultural,industrial,and maritime) ,the invention of management techniques,and-because sugar production was extraordinarily labor intensive-the employment of huge numbers of workers."
Historian Ira Berlin,"The Discovery of the Americas and the Transatlantic Slave Trade"
-One conclusion the passage suggests is that
Unilateral Mistake
A mistake made by only one of the parties about the terms of a contract.
Duress
The act of compelling someone to act against their will by use of threats, force, or coercion.
Undue Influence
A legal concept where an individual is taken advantage of by someone else with a dominant position, thereby being coerced or manipulated into making a legal decision not in their best interest.
Embezzlement
The act of dishonestly withholding assets for the purpose of conversion (theft) of such assets by one or more individuals to whom these assets have been entrusted, typically to be held or used for other purposes.
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