Which of the Following Is a Scenario Where a Universal

question 18

Multiple Choice

Which of the following is a scenario where a universal defense can be applied?

• A)A is induced to execute a commercial paper wrongly through misrepresentation.
• B)A delivers a check to B, who is a minor, and B loses it.
• C)A and B are engaged in a dispute over a contract and a third party is involved.
• D)A delivers a check to B with a condition not to deliver it to C, but B delivers it anyway.

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Definitions:

Short Run

A period of time in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Fixed Costs

Expenses that do not change with the level of output produced, such as rent, salaries, and insurance.

Real Opportunity Cost

The value of the best alternative forgone as a result of making a particular choice, expressed in terms of real goods and services.

Producing Product

The process of creating goods or services that are offered in the market for consumption or use.