Undue Influence Requires the Presence Of

question 34

Multiple Choice

Undue influence requires the presence of:

• A)a fiduciary relationship.
• B)some threat or force.
• C)a lack of capacity in the contracting party.
• D)none of the above

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Definitions:

Compliance Costs

Expenses incurred by businesses or individuals to adhere to laws, regulations, and standards.

U.S. Income Tax

A tax imposed by the U.S. government on the income earned by individuals, corporations, estates, and other entities.

Vertical Equity

The principle that people with higher incomes should pay more in taxes than those with lower incomes, reflecting a progressive tax system.

Proportional Tax

A tax system where the tax rate remains constant regardless of the amount on which the tax is imposed.