_________________ Exists When One Vulnerable Party Is Convinced to Enter

question 31

Essay

_________________ exists when one vulnerable party is convinced to enter into a contract by  someone who because of his or her relationship as trusted individual deprives the party of freedom  of will in making a contract.

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Definitions:

Third Party

An entity involved in a transaction or agreement who is not one of the principal parties.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.

Business Organization

An entity formed for the purpose of carrying out commercial enterprise, including options such as sole proprietorships, partnerships, and corporations.