Which of the Following Scenarios Would Not Be Likely to Render

question 46

Multiple Choice

Which of the following scenarios would not be likely to render a contract unenforceable because of a presumed lack of consent by one of the parties?

• A)A mistake about a fundamental aspect of the agreement which mistake is unfairly taken advantage of by the other party.
• B)A contract entered into as a result of inappropriate pressure applied by one party to the other.
• C)Where a party entered into a contract because the other party unfairly used his influence to coerce the consent.
• D)Where a party entered into a contract knowing that they did not have sufficient funds to meet the agreed price for the goods or services.

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Definitions:

Situational Analysis

An assessment of an organization's current situation, identifying strengths, weaknesses, opportunities, and threats to aid in strategic planning.

Diversification Analysis

The process of assessing the potential benefits and risks of adding new varieties of products, services, or market segments to a business's portfolio to reduce risks.

Product Development

is the complete process of bringing a new product or service to market, from idea generation and design to prototype testing and eventual launch.

Market Development

The strategy of entering new markets or segments to expand the customer base for existing products or services.