Where Parties to a Contract Have a Pre-Existing Relationship and One

question 10

Multiple Choice

Where parties to a contract have a pre-existing relationship and one party has a degree of influence or dominance over the other and the stronger party takes advantage of that influence so that the weaker party does not exercise their independent judgement, the contract will be voidable by the weaker party because of:

• A)unilateral mistake.
• B)common mistake.
• C)duress.
• D)undue influence.

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Definitions:

Process Mean

The average of a set of process data points, indicating the central tendency of a process over a given period.

Assignable Variation

Assignable variation is variation in a process that can be traced to specific causes, such as machine malfunctions or operator errors, as opposed to random variation.

Average Run Length

The expected number of items inspected before a change is detected, commonly used in quality control.

False Alarm

An incorrect signal or detection indicating the presence of a condition or attribute that is not actually present.