John Has Just Eaten Another Potato Chip and His Total

question 443

Multiple Choice

John has just eaten another potato chip and his total utility increased. This means that John's marginal utility for this additional potato chip is

• A) positive.
• B) negative.
• C) zero.
• D) not determinable without more information.

Distinguish between different types of fraud (fraudulent misrepresentation, fraud in the execution) and their consequences.

Recognize the concept of duress, including its types and effects on the legality of contracts.

Understand the criteria for determining when a contract is void or voidable.

Comprehend the importance of material facts in relation to establishing fraud in the inducement.