Which of the Following Statements Is True of Fraud in the Inducement

question 11

Multiple Choice

Which of the following statements is true of fraud in the inducement?

• A) It occurs when a party intends to make a contract based on a false statement of terms.
• B) It refers to a defrauded party not signing a contract if the nature of writing cannot be understood.
• C) It refers to a party forced to sign a contract under duress.
• D) It takes place when a party unintentionally signs a contract after being misguided by another.

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Definitions:

Money Supply

The money supply is the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Business Cycle

Periodic fluctuations in economic activity, such as growth and recession.

Recovery

A period of economic improvement following a recession or downturn.

Trough

The lowest point in an economic cycle, marking the transition from recession to recovery.