Which of the Following Statements Is INCORRECT

question 41

Multiple Choice

Which of the following statements is INCORRECT?

• A)The defense of duress is recognized in American law either by statute or court decisions.
• B)The defense of necessity has been successfully employed in some instances in American courts.
• C)Some jurisdictions now permit a female charged with aggravated assault of a male to show that even though she did not face immediate harm, her plea of self-defense should be recognized because her actions were in response to being constantly battered by the man with whom she lived.
• D)The right of a person to defend his or her personal property is based on the same standard as the right of a person to defend his or her home.

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Definitions:

Forward Contracts

Agreements to buy or sell an asset at a future date for a price agreed upon today, often used for hedging or speculation.

Marked-To-The Market

An accounting practice where assets or securities are valued according to their current market price, not their purchase price or book value.

Resold

Items or assets that have been purchased and then sold to another party, potentially at a different price.

Delivery

The process of transferring the possession of a good, commodity, or service to the customer after a sale.