Anita Tells Murray She Will Hit Him in the Head

question 8

Multiple Choice

Anita tells Murray she will hit him in the head with a golf club unless Murray signs a contract agreeing to pay Anita $14,000 for her golf cart, which is only worth $4,000. Because of the threat, Murray signs the contract.

• A) This contract is voidable at Murray's option.
• B) Anita has committed physical duress against Murray .
• C) This is an example of economic duress since the price is far too high for the golf cart.
• D) Anita has committed assault and battery against Murray .

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Definitions:

Penetration Pricing

A pricing strategy where the price of a new product is set lower than the competitors’ prices to gain market share quickly.

Pricing Strategy

The approach businesses use to set the prices of their products or services, which can influence demand, profitability, and market positioning.

Initial Price

The starting or original cost of a product or service when it is first offered for sale.

Price-sensitive

Referring to the degree to which the demand for a product or service is affected by changes in its price.